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Compendium for Assessing the Implementation of CSR Activities

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..... Compendium for Assessing the Implementation of CSR Activities - News and Press Release Dated:- 15-3-2016 - News - Press Information Bureau Government of India Ministry of Corporate Affairs 15-March-2016 18:02 IST The Ministry of Corporate Affairs has not brought out any Corporate Social Responsibility (CSR) Compendium. However, a study of 460 listed companies, which have pl .....

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..... aced annual returns on CSR on their websites, estimated that 51 Public Sector Undertakings (PSUs) and 409 private sector companies spent about ₹ 2386.60 crore and ₹ 3950.76 crore respectively on CSR during the year 2014-15. A statement indicating activity - wise CSR expenditure incurred by companies is at annexure. Section 135 of the Companies Act, 2013 containing CSR provision .....

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..... of Companies Act; Companies (Corporate Social Responsibility Policy) Rules, 2014; and Schedule VII which enlists the activities to be undertaken under CSR by companies, were notified on 27 th February, 2014 and came into force from 1 st April, 2014. The Ministry has since issued clarificatory circular and Frequently Asked Questions (FAQs) dated 18.06.2014 and 12.01.2016 respectively to facilitat .....

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..... e effective implementation of CSR and ensure compliance by companies under the legislation. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today. Annexure Activities wise CSR expenditure (FY 2014-15) Sl. No Subjects in Schedule VII CSR Expenditure (in Rs. Cror .....

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..... e) 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 .....

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..... .69 5 Art Culture 539.83 6 Sports promotion 454.91 7 PMNRF etc. 125.32 8 Rural Development 724.32 9 Slum Development 114.14 .....

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..... 10 Swatch Bharat Kosh 42.64 11 Clean Ganga Fund 15.49 12 Others 28.5 Grand Total 6337.36 ***** DSM/KA - News - Press release - PIB Tax Management India - taxmanagementindia - tax .....

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..... management - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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