csr_mca

7/17/2019 CSR_MCA

http://slidepdf.com/reader/full/csrmca 1/9

(Companies Act 2013)

By

Sibani Swain

Economic AdvisorMinistry Of Corporate Aairs

7/17/2019 CSR_MCA


What is CSR CSR in Companies Act-2013

CSR Committee

Mandatory Disclosure(Boards Report Schedule !"" #ducatin$ !oters CSR Rules

7/17/2019 CSR_MCA


Corporate Socia! "esponsibi!ity is t#e contin$in%commitment by b$siness to be#ave et#ica!!y andcontrib$te to economic deve!opment w#i!eimprovin% t#e &$a!ity of !ife of t#e wor'force andt#eir fami!ies as we!! as of t#e !oca! comm$nity andsociety at !ar%e

ord *o!meand "ic#ard +atts

Corporate socia! responsibi!ity encompasses noton!y w#at companies do wit# t#eir pro-ts. b$t a!so#ow t#ey ma'e t#em/ t %oes beyond p#i!ant#ropyand comp!iance and addresses #ow companies

mana%e t#eir economic. socia!. and environmenta!impacts. as we!! as t#eir re!ations#ips in a!! 'eysp#eres of in$ence t#e wor'p!ace. t#emar'etp!ace. t#e s$pp!y c#ain. t#e comm$nity.and t#e p$b!ic po!icy rea!m/

*arvard niversity

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Companies Mandated to constitute a CSR Committee

%et&orth o' Rs 00 Crore or more

)urno*er o' Rs 1000 Crore or more

%et pro+t o' Rs Crore or more

CSR Committee to ha*e

)hree or more directors

At least one is to ,e an independent director

Boards Report shall disclose the constitution o' CSR Committee

CSR Committee &ill

.ormulate CSR policy and recommend to ,oard indicatin$ the

acti*ities to ,e underta/en as speci+ed in schedule *ii

Recommend the amount o' ependiture to ,e incurred

Monitor CSR olicy 'rom time to time

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Board o' Directors &ill

Appro*e CSR olicy

#nsure implementation o' CSR policy

Disclose the contents o' CSR policy in the Board report

lace the same on companys &e,site i' any #nsure CSR spendin$ amountin$ to at least 2 o' the a*era$e

net pro+t o' the precedin$ three +nancial

years

Boards Report shall speci'y the reasons 'or not spendin$ the

speci+ed amount

)here is no penalty 'or 'ailure to spend 2 o' net pro+t on CSR

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#radicatin$ etreme hun$er 4 po*erty

romotion o' education

romotin$ $ender e5uality and empo&erin$ &omen

Reducin$ child mortality and impro*in$ maternal health

Com,atin$ human immunode+ciency *irus ac5uired immune de+ciency syndrome

malaria and other diseases

#nsurin$ en*ironment sustaina,ility

#mployment enhancin$ *ocational s/ills

Social ,usiness pro6ects Contri,utions to rime Minister .und or any other 'und set up ,y the Central

7o*ernment or the State 7o*ernments 'or socio-economic de*elopment and relie' and

'unds 'or the &el'are o' the Scheduled Caste and Schedule )ri,e

such other matters as may ,e prescri,ed

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)hrust is on Womens participation in #lectoral rocess

Acti*ities included in schedule !"" o' the Act co*ers 87ender

e5uality and Womens empo&erment

Corporates are 'ree to 'ormulate CSR policy includin$

pro6ects9pro$ramme to ,e underta/en amount to ,e spent

community9$eo$raphical area to ,e co*ered etc:

)he Act pro*ides that the company shall $i*e pre'erence to

the local areas

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Speci+es operational pro*isions o' the CSR policy

;osted on MCAs We,site on < th Septem,er2013 'or in*itin$ u,lic

Comments

"ncludes pro*isions 'or implementin$ a$encies poolin$ o' resources ,y t&o

or more corporates CSR co*era$e etc: as &ell as 'ormat 'or reportin$ .eed,ac/ Recei*ed on %um,er o' issues includin$

Acti*ities co*ered under schedule !""

)a eemption on CSR spendin$

Composition o' CSR Committee

CSR rules are ,ein$ +nali=ed a'ter ta/in$ into account sta/eholders

comments:

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