You are browsing entries tagged with “CSR directive”

Industry experts welcome introduction of Cos Bill in Parliament

NEW DELHI: Terming the new Companies Bill as “visionary”, especially in the trying times for the corporate sector in view of slowdown in growth, industry experts said the government move of introducing it in Parliament today was a welcome step. “The structure of the Bill is contemporary and sound and the way it seemed to [...]

Companies Bill tabled in Parliament; retains 2% CSR spend

NEW DELHI: The Government today introduced the new Companies Bill, retaining some contentious provisions like 2 per cent yearly spend on CSR activities and a fix term for independent directors. According to the Companies Bill 2011, every company with a networth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more, [...]

Strict CSR rules, no non-compliance fine

NEW DELHI: The Companies Bill 2011, introduced in Parliament, has strict expenditure and disclosure guidelines for CSR activities of companies though it falls short of punishing non-compliance. The Bill makes disclosure of CSR spend mandatory for companies with a net worth of Rs 500 crore or more, or turnover of Rs 1,000 crore or more, [...]