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Govt Notifies More Sections Of New Companies Act

Govt Notifies More Sections Of New Companies Act

NEW DELHI: The government on Wednesday notified more than 180 sections of the new Companies Act, as it moves to make the legislation operational from next month. The Companies Act, 2013 replaces the nearly six decade old law that governs corporates in the country and also provides for strong measures to ensure good corporate governance […]

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CSR Rules: Ambit Of The Act Enlarged?

CSR Rules: Ambit Of The Act Enlarged?

By: Harinderjit Singh, Partner, Price Waterhouse In Corporate Social Responsibility (CSR), a firm engages in actions that further social (and environmental) good, beyond the obvious interests of the company, its business relationships and that which is required by law. The Ministry of Corporate Affairs, Government of India has formally notified CSR provisions under the Section […]

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CSR, Out Of The Box

CSR, Out Of The Box

By Shubhashis Gangopadhyay The new Companies Act of 2013 stipulates that all companies with a net worth of Rs 500 crore or more, or a turnover of Rs 1,000 crore or more, or a net profit of Rs 5 crore or more in any financial year will have to constitute a corporate social responsibility (CSR) […]

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SBI Donates Computer To Schools

SBI Donates Computer To Schools

Dimapur: State Bank of India (SBI), under its “corporate social responsibility”, Friday donated computer sets to 12 schools within Dimapur at a programme held at Town Hall Dimapur. The computer sets to the schools were to be handed over by DC Dimapur N. Hushili Sema, but due to emergencies, she could not attend the programme. However, […]

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CSR is Part of Doing Business, Says India Inc

CSR is Part of Doing Business, Says India Inc

The govt has recently ordered companies to use 2% of the profit for CSR CHENNAI: Major players in the India Inc feel even as the government has mandated two per cent of the profit to Corporate Social Responsibility (CSR), the responsibility of corporate to the society is an integrated part of the value it offers […]

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Corporates Should Live up to Responsibilities

The government has done well to frame rules for corporate social responsibility (CSR) practices. In the absence of such rules, it has been an open sesame for corporates. The situation was so bad that any spending could be passed off as CSR activity. Under the new rules, it is now mandatory for companies with a […]

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GMR Hyderabad airport bags Ficci award

HYDERABAD, MARCH 9: GMR Hyderabad International Airport Ltd has bagged ‘FICCI CSR Award–2012-13’, for its CSR (corporate social responsibility) initiatives. The award was from FICCI Aditya Birla CSR Centre for Excellence under the winner category in private sector companies. It was conferred based on the assessment by Grant Thornton and Birla Institute of Management Technology. […]

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PMC School Looks For Help From Cos

PUNE: The Pune Municipal Corporation’s school board has set up a corporate social responsibility (CSR) wing to coordinate with the CSR cells of IT and automobile industries to involve them in civic schools. Civic officials said the cell will help procure educational material for students from corporate houses in cash or kind. The school board […]

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CSR Reduces Crash Risk: Study

CSR Reduces Crash Risk: Study

We now have empirical evidence that being socially responsible is not merely altruistic, but actually pays dividends, even in the business world. A forthcoming article in the Journal of Banking and Finance demonstrates a strong relationship between firms with strong corporate social responsibility performance and reduced risk of stock price crashes. The authors of the […]

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CSR among Bristol Business on Rise

Public trust in large businesses has suffered a breakdown caused by the banking crisis, a perceived focus on profits ahead of customer service and numerous tales of companies seen not to be paying their “fair share” in taxes. Right on the front line is always the building trade. More than any industry, construction cannot hide […]

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