Judicious use of CSR Resources

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..... Judicious use of CSR Resources - News and Press Release Dated:- 3-12-2015 - News - While no CSR Compendium for the Corporates has been organised by the Ministry, the CSR provisions under the Compa .....

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..... nies Act, 2013, exhort eligible corporates to function in a socially responsible manner with the underlying spirit being to ensure use of scarce resources in a judicious manner for the greater good o .....

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..... f Society. Implementation of CSR by companies above specified threshold is a mandatory provision of the Companies Act, 2013. In order to facilitate effective implementation of CSR by companies, .....

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..... the Ministry of Corporate Affairs has (i) amended Schedule VII of the Act to ensure that a wide range of activities are permissible CSR activities ; (ii) issued a clarificatory circular dated 18. .....

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..... 06.2014 suggesting, inter-alia, liberal interpretation of Schedule VII ; and (iii) issued amendments to the Companies (Corporate Social Responsibility Policy) Rules, 2014 , to (a) include expendit .....

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..... ure on administrative overheads for CSR as permissible CSR expenditure and (b) facilitate pooling of resources by companies to undertake CSR activities. All the above are available on the Ministry s .....

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..... website (www.mca.gov.in). This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha. - News - Press release - PIB Tax Management Indi .....

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..... a - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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