High Level Committee constituted by the Government to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR)

The High Level Committee constituted by the Government to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies has submitted its Report to the Government.

The report alongwith its recommendations has been placed on the Ministry’s website (www.mca.gov.in).

The Government does not proposes uniformity in tax exemption for CSR expenditure to all eligible activities

The Companies Law Committee is examining the issues related to amendments required, if any, in the Companies Act, 2013 and rules thereunder.

The Companies are required to formulate their CSR policies, if applicable, under the provision of Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies CSR Policy Rules, 2014 read with General Circular dated 18.06.2014 issued by the Ministry of Corporate Affairs.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.