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Companies report better CSR compliance in FY16

Companies report better CSR compliance in FY16

Monday, April 17, 2017, 7:45 AM

Corporate social responsibility (CSR ) compliance improved in India in 2015-16 with companies managing to effectively spend almost 92% of their budgeted CSR expenditure, according to the CII’s Annual CSR Tracker survey. Section 135 of the Companies Act of 2013 requires companies need to spend at least 2% of their average net profit for the immediately preceding three financial years on CSR activities.
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