Introduction of CSR provisions under the Act was a significant legislative effort undertaken to involve corporates as partners in the social development process of the country and in strengthening the social responsibility of businesses To facilitate the stakeholders, the ICSI has recently issued “FAQs on CSR” based on the queries received during the webinar on
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September 7, 2023
FAQs issued by ICSI
CSR is a concept whereby organizations serve the interests of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. The government perceives CSR as a business contributing towards the nation’s sustainable development goals. The Ministry of Corporate Affairs (MCA) on 22nd January, 2021 notified the Companies (Corporate Social
August 31, 2023
CSR in context of Bhagavad Gita!
Recent change in Section 135 and corresponding rules is laying down best practices and is channelizing CSR in a more policy-process driven social work. There is very close resemblance of teaching of recent CSR amendments and Satvik Dana in Bhagavad Gita. This article elaborates teachings of Bhagavad Gita and connects it to various styles/approach in
August 1, 2023
CSR exemption for firms making losses; eligibility to be checked every year
Ministry of Corporate Affairs (MCA) has amended the CSR rules by relaxing certain provisions while giving more impetus to impact assessment for companies falling under the CSR ambit. The amended rules have given relaxation to large companies doing CSR and who are mandatorily required to undertake impact assessment. Amended rules now allow up to 2%