Articles

The Anti-Corruption Bureau of the CBI raided the houses of former top officials of public sector technical consultancy Company Kerala Industrial and Technical Consultancy Organization Ltd (KITCO) in Kochi and Kottayam. This was in connection with the probe into instances of alleged misappropriation of Corporate Social Responsibility (CSR) funds. Among the alleged cases of fund

Since the inception of the Companies Act, 2013, there has been a steady increase in the Corporate Social Responsibility (CSR) spending. In 2019, the CSR spend was estimated to around ₹11,961 crore which was higher by 18% as compared to year 2018. The trend is likely to continue mainly due to policy changes which include

Corporate Social Responsibility (“CSR”) is mandatory in India for companies exceeding certain thresholds of net worth, turnover or profits. On September 20, 2022 the Ministry of Corporate Affairs (MCA/Ministry) notified various amendments to the Companies (Corporate Social Responsibility Policy) Rules, 2014. The amendments and its practical implications are as follows: 1. CSR Committee Section 135(9)