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Govt-constituted panel suggests making CSR non-compliance civil offence

Tuesday, August 13, 2019, 8:20 PM

A government-constituted high level panel on August 13 recommended making expenditure on CSR tax deductible as well as treat non-compliance with CSR requirements a civil offence under the companies law. Under the Companies Act, 2013, certain classes of profitable entities are required to spend at least two per cent of their three-year annual average net profit towards CSR in a particular financial year.
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Centre issues notice to 300 firms not complying with CSR norm

Wednesday, November 7, 2018, 7:47 AM

The Ministry of Corporate Affairs has issued preliminary notices to nearly 300 companies for not complying with corporate social responsibility (CSR) spending requirement under the companies law for 2015-16, a senior government official said. We have send them a notice and have asked to give a reason....We are just saying that these companies were supposed to spend this much and they have not spend.
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Kotak Mahindra rolls out mobile medical vans under CSR

Saturday, September 8, 2018, 3:31 PM

Kotak Mahindra Life Insurance Company Saturday said it has rolled out three mobile medical vans under the corporate social responsibility initiative ‘Life First’, in association with Wockhardt Foundation. As part of the agreement, three medical vans which act as primary healthcare centres on wheels would be managed by the Wockhardt Foundation, a press release said.

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