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 Responsibility Policy) Amendment Rules, 2021.The said amendments have introduced significant changes in carrying out the CSR activities by India Inc. With a view to guide the members a webinar on “New dimensions: Corporate Social Responsibility” was conducted by ICSI. Considering the queries received during the webinar, these FAQs have been framed to aid the stakeholders in understanding the new concepts and substantial changes introduced in CSR.
FAQs issued by ICSI on 29 April, 2021 – has been worked and reviewed by the eminent personalities and members of ICSI alongside the the Partner of MMJC – Makarand Joshi.