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High Level Committee Report on CSR Compliance

News and Press Release - Dated:- 3-5-2016 - A High Level Committee, set up by the Ministry of Corporate Affairs to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies by companies, submitte .....

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ng: It would be desirable to conduct a review of the CSR provision of the Act after three years. Ceiling on administrative overhead cost should be increased from 5% to not more than 10% of the CSR expenditure. Definition of the term net profit used u .....

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e should be managing the monitoring of their own CSR at their level. Government should have no role to play in engaging external experts in monitoring the quality and efficiency of CSR expenditure of Companies. The unspent balance out of the CSR fund .....

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