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Activities by Companies Under CSR

News and Press Release - Dated:- 27-2-2016 - The provisions of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 and rules made thereunder have been notified on 27.02.2014. These notifications are available on the Ministry s website (www.mca.gov.in). The salient features of CSR provision inter-alia, are as follows: companies above the specified threshold of turnover or net worth or net profit are required to spend at least two per cent of their average net profit .....

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d such amount; companies may implement their CSR Policy through trusts or societies or Section 8 companies etc.; indicative activities which can be undertaken by a company under CSR have been specified in Schedule VII of the Act; CSR expenditure of 460 listed companies, which have placed their annual reports on their website, indicates that 51 Public Sector Undertakings (PSUs) and 409 private sector companies together spent about ₹ 6337 crores on CSR during 2014-15 as summarized below: Sl. .....

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company is empowered to select programmes / projects / activities to be undertaken and monitor the same. Ministry of Corporate Affairs has no role to play in this regard. This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha . Annexure - I TOP 20 COMPANIES BY ACTUAL CSR SPEND DURING FY 2014-15 (In Rs. Crore) Sl. No. NAME OF THE COMPANY Actual CSR Expenditure 1 RELIANCE INDUSTRIES LIMITED 760.58 2 OIL AND NATURAL GAS CORPORATION LIMITE .....

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