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Govt to Double CSR Contribution of Top Earning PSUs

Govt to Double CSR Contribution of Top Earning PSUs

New norms expected to be finalised in few days and likely to be implemented from the beginning of FY14   NEW DELHI: Top earning PSUs like ONGC, BHEL and NTPC may have to double their expenditure on corporate social responsibility (CSR) as per the new draft guidelines being finalised by the Department of Public Enterprises [...]

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FIRs Against all the 87 Vanishing Companies and Their Directors

FIRs Against all the 87 Vanishing Companies and Their Directors

Mega Conference on Fly Ash Management Raipur, 17 Feb 2013 for Registration please contact rusenk@indiacsr.in Call: 9981099555 For detail information please visit: www.flyash.indiaflyash.com   INIACSR News Network NEW DELHI: The Ministry of Corporate Affairs had initially identified 238 companies as vanishing companies. Out of these, names of 151 companies have since been deleted from the [...]

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Auditors Beware, Satyam Scam Has Made us Smarter: Sachin Pilot

Auditors Beware, Satyam Scam Has Made us Smarter: Sachin Pilot

Corporate affairs minister Sachin Pilot has warned auditors against getting cozy with the management. NEW DELHI: Terming “cosy” relations between management and auditors of a company as key to accounting frauds, the corporate affairs minister Sachin Pilot has said that such a nexus would not be allowed anymore as lawmakers have become smarter after Satyam [...]

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Business Leaders Question Mandatory CSR

NEW DELHI: Indian Express reported that India Inc today reiterated its concern on the mandatory spending of at least 2 per cent on the corporate social responsibility activities. Rahul Bajaj, chairman of Bajaj Group, told that the government “succumbed” to the pressure exerted by the standing committee on finance and members of Parliament, who were [...]

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Listed Companies May Have to Spend Rs 8,000 Crore on Corporate Social Responsibility

Listed Companies May Have to Spend Rs 8,000 Crore on Corporate Social Responsibility

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) [...]

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FICCI Welcomes New Company Bill

FICCI Welcomes New Company Bill

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 [...]

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Companies Bill 2011: CSR Mandatory for Profit-Making Companies

Companies Bill 2011: CSR Mandatory for Profit-Making Companies

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 [...]

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LokSabha Approves Company Bill 2011

LokSabha Approves Company Bill 2011

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 [...]

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Salient Features of the Companies Bill 2011

Salient Features of the Companies Bill 2011

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 [...]

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Govt to Have a Hands-off Approach on CSR

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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  • indiacsr: I want to participate in the programme. Kindly send me detail.