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TMI BlogActivities by Companies Under CSRX X X X Extracts X X X X X X X X Extracts X X X X ..... Activities by Companies Under CSR - News and Press Release Dated:- 27-2-2016 - News - The provisions of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 and rules made thereunder have been notified on 27.02.2014. These notifications are available on the Ministry s website ( www.mca.gov.in ). The salient features of CSR provision inter-alia, are as follows: companies above the specified threshold of turnover or net worth or net profit are required to spend at least two per cent of their average net profits earned during three immediately preceding financial years on CSR activities; each such company is required to constitute a CSR committee of the Board; the Board of each such company is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... required to have the company s CSR policy formulated and monitor its implementation; the Board's report shall include an annual report on CSR containing particulars specified in prescribed format; the Board s report shall specify the reasons for not spending the specified amount, if the company fails to spend such amount; companies may implement their CSR Policy through trusts or societies or Section 8 companies etc.; indicative activities which can be undertaken by a company under CSR have been specified in Schedule VII of the Act; CSR expenditure of 460 listed companies, which have placed their annual reports on their website, indicates that 51 Public Sector Undertakings (PSUs) and 409 private sector companies togethe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r spent about ₹ 6337 crores on CSR during 2014-15 as summarized below: Sl. No. Company Type No. of companies Actual CSR expenditure (in Rs. Crore) (2014-15) 1. PSUs 51 2386.60 2. Private Sector Companies 409 3950.76 Total 460 6337.36 Of these 460 companies, company-wise CSR expenditure of top 20 companies may be seen at Annexure I. State /UT-wise number of CSR projects undertaken is at Annexure II. Information on CSR expenditure on various developmental work by c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompanies is at Annexure- III. (As per Section 135 (3) (4) of the Companies Act, 2013 Board of the company is empowered to select programmes / projects / activities to be undertaken and monitor the same. Ministry of Corporate Affairs has no role to play in this regard. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha . Annexure I TOP 20 COMPANIES BY ACTUAL CSR SPEND DURING FY 2014-15 (In Rs. Crore) Sl. No. NAME OF THE COMPANY Actual CSR Expenditure 1 RELIANCE INDUSTRIES LIMITED 760.58 2 OIL AND NATURAL GAS C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ORPORATION LIMITED 495.23 3 INFOSYS LIMITED 239.54 4 TATA CONSULTANCY SERVICES LIMITED 219.00 5 ITC LIMITED 214.06 6 NTPC LIMITED 205.18 7 NMDC LIMITED 188.65 8 TATA STEEL LIMITED 171.46 9 OIL INDIA LIMITED 133.31 10 WIPRO LIMITED 132.70 11 INDIAN OIL CORPN. LIMITED ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 113.79 12 BHARAT HEAVY ELECTRICALS LIMITED 102.06 13 MAHINDRA AND MAHINDRA LIMITED 83.24 14 HINDUSTAN UNILEVER LIMITED 82.35 15 LARSEN AND TOUBRO LIMITED 76.54 16 GAIL (INDIA) LIMITED 71.69 17 CAIRN INDIA LIMITED 70.36 18 NORTHERN COALFIELDS LIMITED 61.77 19 MAHANADI COALFIELDS LIMITED 61.30 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 HINDUSTAN ZINC LIMITED 59.28 GRAND TOTAL 3542.09 Annexure II State/UT-wise CSR Projects undertaken during FY 2014-15 Sl. No. States No. of Projects Sl. No. States No. of Projects 1 Maharashtra 202 19 Jharkhand 41 2 Gujarat 111 20 Bihar 38 3 Tamil Nadu 97 21 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Kerela 37 4 Karnataka 95 22 Himachal Pradesh 34 5 Rajasthan 89 23 Goa 23 6 Uttar Pradesh 80 24 Manipur 23 7 Andhra Pradesh 79 25 Arunachal Pradesh 22 8 West Bengal 79 26 Chandigarh 21 9 M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... adhya Pradesh 71 27 Meghalaya 20 10 Delhi 66 28 Sikkim 20 11 Haryana 66 29 Tripura 20 12 Orissa 54 30 Nagaland 19 13 Jammu Kashmir 52 31 Pondicherry 19 14 Chattisgarh 48 32 Andaman Nicobar Islands ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18 15 Telangana 47 33 Dadar Nagar Haveli 18 16 Uttarakhand 47 34 Daman Diu 17 17 Punjab 43 35 Lakshadweep 17 18 Assam 42 36 Mizoram 15 Total 1790 Annexure - III ANNEXURE REFERED TO IN THE REPLY TO LOK S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ABHA UNSTARRED QUESTION NO. 656 Development Sector wise CSR expenditure (FY 2014-15) Sl. No Subjects in Schedule VII CSR Expenditure (in Rs. Crore) 1 Eradicating Hunger, Poverty Health Care 1421.66 2 Education/ Vocational skills / livelihood enhancement 1462.6 3 Women / Old Age / Children 219.27 4 Environment sustainability 1188.69 5 Art Culture 539.83 6 Sports promo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 454.91 7 PMNRF etc. 125.32 8 Rural Development 724.32 9 Slum Development 114.14 10 Swatch Bharat Kosh 42.64 11 Clean Ganga Fund 15.49 12 Others 28.5 Grand Total 6337.36 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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