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TMI BlogINVITATION FOR PUBLIC COMMENTS ON THE DRAFT NATIONAL GUIDELINES ON SOCIAL, ENVIRONMENTAL & ECONOMIC RESPONSIBILITIES OF BUSINESS, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... INVITATION FOR PUBLIC COMMENTS ON THE DRAFT NATIONAL GUIDELINES ON SOCIAL, ENVIRONMENTAL & ECONOMIC RESPONSIBILITIES OF BUSINESS, 2018 - News and Press Release Dated:- 20-7-2018 - News - The Ministry of Corporate Affairs (MCA) issued the National Voluntary Guidelines on Social, Environmental Economic Responsibilities of Business (NVGs) in July 2011 with a view to provide a clear, broad-based f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ramework for carrying out responsible business and be accountable to all its stakeholders. The NVGs were developed based on India s socio-cultural context and priorities as well as global best practices and finalised after extensive consultations with business, academia, civil society organisations and the government. The Security and Exchanges Board of India (SEBI) has mandated that the top 500 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompanies furnish Business Responsibility Reports (BRRs) on the uptake of NVGs as part of the listing agreement. In view of passage of considerable time since their launch and various new developments such as enactment of Companies Act, 2013 , change in global business environment having taken place, the process for updating NVGs was initiated with a two member Expert Committee by the Indian In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stitute of Corporate Affairs under the aegis of MCA. The updated NVGs , have been renamed as the National Guidelines (NGs) and are presented here for public comment. In view of passage of considerable time since their launch and various new developments such as enactment of Companies Act, 2013 , change in global business environment having taken place, the process for updating NVGs was in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itiated with a two member Expert Committee by the Indian Institute of Corporate Affairs under the aegis of MCA. The updated NVGs , have been renamed as the National Guidelines (NGs) and are presented here for public comment. Guidelines for comments Responses may be sent to [email protected] The NGs consists of 5 Chapters and 4 Annexures. While public comment on the whole docu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment is welcome, respondents are requested to specifically provide inputs on Chapters 2 (Principles and Core Elements) and 5 (Business Responsibility Reporting Framework). All respondents are requested to use only the attached NG Response form for furnishing their comments and feedback in any other format shall not be considered. The draft NGs will be available for public comment till A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ugust 10, 2018 only. All comments received till this date will be analysed by a Review Committee for updating NVGs before finalization of the National Guidelines. Draft National Guidelines on Social, Environment Economic Responsibility of Business, 2018 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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