Listed profit-making companies could spend up to Rs 8,000 crore on CSR activities if they are able to hit a target of 2% of net profits, stipulated in the new Companies Act approved by the Lok Sabha on Tuesday. MUMBAI: Listed profit-making companies could spend up to Rs 8,000 crore on corporate social responsibility (CSR) [...]
Sachin Pilot says the perception that India Inc is up in arms against mandatory spend on corporate social responsibility is highly misplaced. Corporate affairs minister Sachin Pilot says the perception that India Inc is up in arms against mandatory spend on corporate social responsibility is highly misplaced. Pilot, among the younger lot in the Union [...]
INDIACSR Bureau NEW DELHI: Leading Business Chamber -FICCI welcomed passage of this important Bill by the Lok Sabha. The Bill has been through many iterations in its draft stage and has emerged as a contemporary legislation and a worthy replacement to the time tested Companies Act, 1956. “The Bill intends to simplify regulations, bring greater [...]
NEW DELHI: The Lok Sabha on Tuesday approved the much-awaited Companies Bill, 2011, making it mandatory for profit-making companies to spend on activities related to corporate social responsibility. If a company does not do so, it will have to explain the reasons for it. The Bill, aimed at improving corporate governance, also contains provisions to [...]
INDIACSR Bureau NEW DELHI: On 18 December, finally the Lok Sabha passed the Companies Act 2011, paving the way for a new modern company law. The new act will replace the existing Companies Act 1956, which was enacted 56 years ago. More importantly, the bill gives more muscle to shareholders. Now, shareholders can take legal [...]
INDIACSR News Network DEHRADUN: In association with “Green earth Aliance”, PHD Chamber is organizing an “International Conference on Social Entrepreneurship & Strategic CSR Linkages” on 21st-22nd December 2012 at Doon University, Dehradun, Uttarankand . INDIACSR is the media partner at the mega event. Union Minister Mr. Harish Rawat, will inaugurate the conference and speak about [...]
INDIACSR News Network The Companies Bill, 2011, which was passed by the Lok Sabha yesterday (18 December 2012), on its enactment will allow the country to have a modern legislation for growth and regulation of corporate sector in India. The existing statute for regulation of companies in the country, viz. the Companies Act, 1956 had [...]
INDIACSR News Network NEW DELHI: Less than eighteen months after introducing Sophos Mobile Control into its complete security product portfolio, the company today announced that more than one million devices worldwide are now managed by the mobile device management (MDM) solution. This milestone comes on the heels of several major MDM developments in 2012, from [...]
INDIACSR News Network KARAIKAL: MARG Karaikal Port through its CSR arm ‘MARG Parivarthan’ has been taking several measures to usher social & economic prosperity for the greater benefit of the people living around the Port neighbourhood. Since empowerment can be ensured only with better quality of life, more income and overall happiness, MARG Karaikal Port [...]
As per the new regulations in the making, it will become mandatory for a company to spend 2% of net profit KOLKATA: Union corporate affairs ministry has put the onus of performing corporate social responsibility (CSR) on industry, as the Companies Bill is set to be tabled before the Parliament. “The government wants to have [...]
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