Breaking News

Tag Archives: Corporate Social Responsibility

36 PSUs Violate Corporate Social Responsibility Norms

New Delhi (ABC Live): Corporate Social Responsibility : As per the provisions of section 135 of the Companies Act 2013, every company having net worth of ` 500 crore or more, or turnover of ` 1,000 crore or more or a net profit of ` 5 crore or more during a financial year shall constitute a Corporate Social Responsibility (CSR) …

Read More »

Corporate Social Responsibility Fillings in India

New Delhi (ABC Live): The provisions of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 and rules made thereunder have come into force with effect from 01.04.2014. The year 2014-15 was the first year of implementation of CSR policies by companies under the legislation. The Board of the company, eligible to comply with the CSR provisions …

Read More »

MCA Notifies Corporate Social Responsibility Policy Rules 2014

New Delhi (ABC Live):The Ministry of Corporate Affairs has notified Companies (Corporate Social Responsibility Policy) Rules, 2014 (http://www.mca.gov.in), which prescribes the format for disclosure of utilisation of Corporate Social Responsibility (CSR) funds by the companies. There are no specific tax exemption/concessions to companies under the Income Tax Act, 1961 for expenditure incurred by companies towards CSR. However, spending by companies on …

Read More »