Corporate Social Responsibility in India is governed by law. 2% of net profit has to be spent as compliance. Here CSR is in terms of spending as per section 135 of Company act 2013.
Corporate Social Responsibility, Corporate and Corona Dr K K Upadhyay
This document discusses corporate social responsibility (CSR) and the role of corporations during and after the COVID-19 pandemic. It outlines the evolution of CSR from shareholder-focused profit maximization to mandatory CSR policies and compliance in India. It notes the extreme wealth inequality in India and outlines the legal requirements for CSR spending. The document discusses the roles of private sector, NGOs, and government in implementing CSR activities. It summarizes recent CSR guidelines related to COVID-19 activities and spending. Finally, it suggests areas corporations could focus on through CSR after the pandemic, such as innovations, start-ups, and MSME support.
The Essential Guide: Corporate Social ResponsibilityVardaan
This document provides an essential guide to corporate social responsibility (CSR) in India. It outlines the CSR requirements for public limited companies, private limited companies, and foreign company branches operating in India. Companies meeting certain net worth, turnover, and profit criteria must constitute a CSR committee, formulate a CSR policy, spend 2% of average net profits on CSR activities, and disclose CSR efforts. The document defines CSR, lists eligible CSR activities, and provides guidance on CSR spends, considerations, and responsibilities of the CSR committee and board of directors.
Union density in the United States has been declining for over 47 years. In 2008, 12.4% of employed wage and salary workers were organized in unions, down from 20.1% in 1983 and 37% at its peak in 1960 for the private sector. Only 7.6% of the private sector was organized as of December 2008 compared to one-third of the public sector.
The document provides an overview of the state of the cooperative movement globally and in the Philippines. Some key points:
1) Cooperatives employ over 100 million people worldwide and help secure livelihoods for nearly half the world's population.
2) In the Philippines, there are over 18,000 registered cooperatives with over 7 million members and total paid-up assets of over 35 billion pesos as of 2010.
3) The prospects for growth of the cooperative movement in the Philippines are bright due to government support, increasing assets and membership, and potential for cooperation among cooperatives. However, challenges remain such as competition, some unions within cooperatives, and a need for more participative management practices.
Housing cooperatives provide affordable housing to members. They are formed by purchasing land and developing or constructing houses that are then allotted to members. There are different types including those where members own the houses but the land is held by the cooperative, and those where members have ownership in both the houses and land. Housing cooperatives are governed by cooperative laws and provide benefits like democratic control and elimination of middlemen profits for members.
Housing cooperatives provide affordable housing for their members. They purchase land, develop it, construct houses or flats, and allot them to members. Some housing cooperatives also provide loans to members for home construction. There are different types of housing cooperatives including those where members own the houses but the cooperative owns the land, and those where the cooperative owns both the land and buildings. Housing cooperatives have open membership, democratic management, and distribute any surplus funds back to members. They aim to help members meet their common housing needs through mutual assistance and cooperation.
The document discusses the UK government's "digital by default" strategy. It assumes that most government services will be provided digitally because 82% of UK adults are online. However, it acknowledges that not all citizens have the ability to use digital services. The document proposes an "assisted digital" approach where those unable to access digital services independently will receive help to do so either in person, over the phone, or through another non-digital method. The implications are that government must ensure digital services are straightforward and convenient for all users. It also questions how assisted digital can increase inclusion and what can be learned from other practices and research.
Corporate Social Responsibility, Corporate and Corona Dr K K Upadhyay
This document discusses corporate social responsibility (CSR) and the role of corporations during and after the COVID-19 pandemic. It outlines the evolution of CSR from shareholder-focused profit maximization to mandatory CSR policies and compliance in India. It notes the extreme wealth inequality in India and outlines the legal requirements for CSR spending. The document discusses the roles of private sector, NGOs, and government in implementing CSR activities. It summarizes recent CSR guidelines related to COVID-19 activities and spending. Finally, it suggests areas corporations could focus on through CSR after the pandemic, such as innovations, start-ups, and MSME support.
The Essential Guide: Corporate Social ResponsibilityVardaan
This document provides an essential guide to corporate social responsibility (CSR) in India. It outlines the CSR requirements for public limited companies, private limited companies, and foreign company branches operating in India. Companies meeting certain net worth, turnover, and profit criteria must constitute a CSR committee, formulate a CSR policy, spend 2% of average net profits on CSR activities, and disclose CSR efforts. The document defines CSR, lists eligible CSR activities, and provides guidance on CSR spends, considerations, and responsibilities of the CSR committee and board of directors.
Union density in the United States has been declining for over 47 years. In 2008, 12.4% of employed wage and salary workers were organized in unions, down from 20.1% in 1983 and 37% at its peak in 1960 for the private sector. Only 7.6% of the private sector was organized as of December 2008 compared to one-third of the public sector.
The document provides an overview of the state of the cooperative movement globally and in the Philippines. Some key points:
1) Cooperatives employ over 100 million people worldwide and help secure livelihoods for nearly half the world's population.
2) In the Philippines, there are over 18,000 registered cooperatives with over 7 million members and total paid-up assets of over 35 billion pesos as of 2010.
3) The prospects for growth of the cooperative movement in the Philippines are bright due to government support, increasing assets and membership, and potential for cooperation among cooperatives. However, challenges remain such as competition, some unions within cooperatives, and a need for more participative management practices.
Housing cooperatives provide affordable housing to members. They are formed by purchasing land and developing or constructing houses that are then allotted to members. There are different types including those where members own the houses but the land is held by the cooperative, and those where members have ownership in both the houses and land. Housing cooperatives are governed by cooperative laws and provide benefits like democratic control and elimination of middlemen profits for members.
Housing cooperatives provide affordable housing for their members. They purchase land, develop it, construct houses or flats, and allot them to members. Some housing cooperatives also provide loans to members for home construction. There are different types of housing cooperatives including those where members own the houses but the cooperative owns the land, and those where the cooperative owns both the land and buildings. Housing cooperatives have open membership, democratic management, and distribute any surplus funds back to members. They aim to help members meet their common housing needs through mutual assistance and cooperation.
The document discusses the UK government's "digital by default" strategy. It assumes that most government services will be provided digitally because 82% of UK adults are online. However, it acknowledges that not all citizens have the ability to use digital services. The document proposes an "assisted digital" approach where those unable to access digital services independently will receive help to do so either in person, over the phone, or through another non-digital method. The implications are that government must ensure digital services are straightforward and convenient for all users. It also questions how assisted digital can increase inclusion and what can be learned from other practices and research.
Cooperatives are member-owned businesses established to meet common economic, social, and cultural needs. The 1945 Indonesian constitution recognizes cooperatives as important for economic development. Cooperatives are defined as socially-founded businesses using community membership as an economic foundation. Key characteristics include voluntary membership, democratic governance, member economic participation, autonomy, and education. Cooperatives are categorized by field of commerce or social group. Advantages include limited member liability and capital incentives from the government. Examples include agricultural cooperatives like Tani Sehat Farmer's Union Cooperative that supports local farmers.
A cooperative is defined as a voluntary association of individuals who cooperate for their mutual social and economic benefit. Key characteristics of cooperatives include open membership, voluntary association, democratic management, and distribution of surplus profits to members. Cooperatives are established to provide non-profit services to members rather than maximize profits. In Tamil Nadu, cooperatives are governed by the Tamil Nadu Co-operatives Act of 1961 and must register with the state government. The government oversees formation and functioning of cooperatives through powers like approving bylaws and conducting audits.
The document discusses Illinois' severely underfunded state pension systems. It notes that the total unfunded liability is $85.5 billion as of June 30, 2010, and the funded ratio is only 38.3%. Several reform proposals are mentioned, including offering employees a choice between remaining in the current defined benefit plan or choosing a lower-cost defined contribution plan, with the goal of reducing costs and unfunded liabilities over time.
Cooperatives have historically played an important role in India, first being formally established in 1904 to help farmers and agricultural workers access credit. Cooperatives operate across many sectors but face various challenges due to differing state-level laws and implementation. Additionally, political changes have undermined some cooperatives' independence. However, cooperatives still have an important role to play in supporting communities and addressing issues caused by globalization through locally-based solutions and acting as advocates for citizens' interests in markets.
This document summarizes the key concepts and principles of cooperatives. It defines cooperatives according to Philippine law as autonomous associations that help members achieve social, economic, and cultural needs through equitable capital contributions and risk/benefit sharing. The document traces cooperatives back to Rochdale, England in 1844 and outlines the International Cooperative Alliance's seven principles of voluntary membership, democratic control, member economic participation, autonomy, education/training, cooperation among cooperatives, and community concern. It distinguishes different types of cooperatives in the Philippines according to the law.
Coop Identity, Values, Principles, Governance and Best Practicesjo bitonio
This document provides an overview of cooperatives including their history, principles, governance, and impact. It discusses how cooperatives originated from groups working together throughout history for mutual benefit. The modern cooperative movement began in the 19th century in Europe and North America. Cooperatives were formed during economic hard times to help people. They contribute to job creation, social integration, and poverty reduction. The document also outlines the different types of cooperatives according to Philippine law and provides statistical data on cooperatives in certain provinces and their total assets.
Cooperative Society & State EnterprisesBikash Kumar
The document discusses different types of state enterprises in Bangladesh. It provides examples of several major state enterprises, including Bangladesh Railway, Bangladesh Road Transport Corporation (BRTC), Bangladesh Inland Water Transport Authority, and Bangladesh Parjatan Corporation. It describes their formation year, type of organization, services provided, revenue, budget, number of employees, and other key details. The document also discusses different forms of state enterprises such as government departmental organizations, statutory corporations, government joint stock companies, and government board managed organizations.
The document provides an overview of topics related to corporate social responsibility (CSR) in India. It discusses the definition of CSR, laws around CSR in India, why CSR is important for businesses, the CSR process including defining strategies and programs, monitoring impact, and reporting. It also provides examples of CSR initiatives undertaken by major Indian companies like Tata Steel, Tata Power, and others. The key points covered include the legal requirements around CSR spending in India, benefits to businesses from CSR, and how leading companies structure and implement their CSR programs.
Corporate Social Responsibility Details and ChallengesArunesh Kumar
John Elkington coined the term "Triple Bottom Line" in 1994, which refers to a business being responsible for profit, protecting the planet, and serving people's interests. Milton Friedman argued that a business's only social responsibility is to increase profits within legal bounds. The 2013 CSR Bill in India mandates that large companies spend 2% of their average net profits on social and environmental activities listed in Schedule VII, such as eradicating hunger and poverty, promoting education, healthcare, and environmental sustainability. While companies and activists have mixed views, proper implementation faces challenges such as unequal regional development and ensuring funds are properly spent and monitored.
This document discusses corporate social responsibility (CSR) in India. It provides background on CSR, defining it as companies managing business processes to have an overall positive social impact. CSR was first discussed academically in the 1950s and is now mandatory for large companies in India under the Companies Act of 2013. The document outlines drivers and significance of CSR, as well as challenges in implementation, such as building local capacity and lack of transparency. It provides a checklist for evaluating CSR programs and concludes that while the Companies Act is a step forward, clear guidelines and transparency are still needed for CSR to be fully realized in India.
What is CSR, History and Phases of CSR, Constituents of CSR, CSR Development in India, CSR Law - Sec 135, Why CSR, Benefits of CSR, CSR Life Cycle, CSR Process, CSR Initiative.
This document provides an agenda for a workshop on corporate social responsibility (CSR). It includes readings, video clips, and a lecture to help participants understand the concept of CSR and how companies incorporate CSR into their business strategies and operations. Companies approach CSR differently depending on issues relevant to their industry and stakeholders. CSR activities should benefit society and create value for the company. Reporting and measurement standards help companies evaluate and communicate their CSR programs. The agenda aims to help participants discover how CSR has evolved, best practices for CSR strategies and processes, and consider appropriate CSR activities for different companies and industries.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Corporate social responsibility an opportunity to improve the status of soc...CA. (Dr.) Rajkumar Adukia
This article will provide us the overall idea about corporate social responsibility from root level to top level. The main motive behind the formation of this concept is the economic contribution of companies to society
CORPORATE SOCIAL IRRESPONSIBILITY IN INDIAAnkit Dabral
This document discusses corporate social responsibility (CSR) in India, including its origins, meaning, and current practices. It provides an overview of CSR provisions in the Companies Act of 2013, which mandates that companies meeting certain criteria must spend 2% of their net profits on CSR activities listed in Schedule VII, such as poverty alleviation, education, and environmental protection. Non-compliance requires companies to provide reasons. The draft rules clarify that CSR activities must benefit India and cannot include activities for employees. An estimated 6,000 companies will need to undertake CSR projects to comply with the new law, potentially amounting to 20,000 crore INR in commitments. For small and medium enterprises just meeting the profit criteria, engaging in CSR may
Cooperatives are member-owned businesses established to meet common economic, social, and cultural needs. The 1945 Indonesian constitution recognizes cooperatives as important for economic development. Cooperatives are defined as socially-founded businesses using community membership as an economic foundation. Key characteristics include voluntary membership, democratic governance, member economic participation, autonomy, and education. Cooperatives are categorized by field of commerce or social group. Advantages include limited member liability and capital incentives from the government. Examples include agricultural cooperatives like Tani Sehat Farmer's Union Cooperative that supports local farmers.
A cooperative is defined as a voluntary association of individuals who cooperate for their mutual social and economic benefit. Key characteristics of cooperatives include open membership, voluntary association, democratic management, and distribution of surplus profits to members. Cooperatives are established to provide non-profit services to members rather than maximize profits. In Tamil Nadu, cooperatives are governed by the Tamil Nadu Co-operatives Act of 1961 and must register with the state government. The government oversees formation and functioning of cooperatives through powers like approving bylaws and conducting audits.
The document discusses Illinois' severely underfunded state pension systems. It notes that the total unfunded liability is $85.5 billion as of June 30, 2010, and the funded ratio is only 38.3%. Several reform proposals are mentioned, including offering employees a choice between remaining in the current defined benefit plan or choosing a lower-cost defined contribution plan, with the goal of reducing costs and unfunded liabilities over time.
Cooperatives have historically played an important role in India, first being formally established in 1904 to help farmers and agricultural workers access credit. Cooperatives operate across many sectors but face various challenges due to differing state-level laws and implementation. Additionally, political changes have undermined some cooperatives' independence. However, cooperatives still have an important role to play in supporting communities and addressing issues caused by globalization through locally-based solutions and acting as advocates for citizens' interests in markets.
This document summarizes the key concepts and principles of cooperatives. It defines cooperatives according to Philippine law as autonomous associations that help members achieve social, economic, and cultural needs through equitable capital contributions and risk/benefit sharing. The document traces cooperatives back to Rochdale, England in 1844 and outlines the International Cooperative Alliance's seven principles of voluntary membership, democratic control, member economic participation, autonomy, education/training, cooperation among cooperatives, and community concern. It distinguishes different types of cooperatives in the Philippines according to the law.
Coop Identity, Values, Principles, Governance and Best Practicesjo bitonio
This document provides an overview of cooperatives including their history, principles, governance, and impact. It discusses how cooperatives originated from groups working together throughout history for mutual benefit. The modern cooperative movement began in the 19th century in Europe and North America. Cooperatives were formed during economic hard times to help people. They contribute to job creation, social integration, and poverty reduction. The document also outlines the different types of cooperatives according to Philippine law and provides statistical data on cooperatives in certain provinces and their total assets.
Cooperative Society & State EnterprisesBikash Kumar
The document discusses different types of state enterprises in Bangladesh. It provides examples of several major state enterprises, including Bangladesh Railway, Bangladesh Road Transport Corporation (BRTC), Bangladesh Inland Water Transport Authority, and Bangladesh Parjatan Corporation. It describes their formation year, type of organization, services provided, revenue, budget, number of employees, and other key details. The document also discusses different forms of state enterprises such as government departmental organizations, statutory corporations, government joint stock companies, and government board managed organizations.
The document provides an overview of topics related to corporate social responsibility (CSR) in India. It discusses the definition of CSR, laws around CSR in India, why CSR is important for businesses, the CSR process including defining strategies and programs, monitoring impact, and reporting. It also provides examples of CSR initiatives undertaken by major Indian companies like Tata Steel, Tata Power, and others. The key points covered include the legal requirements around CSR spending in India, benefits to businesses from CSR, and how leading companies structure and implement their CSR programs.
Corporate Social Responsibility Details and ChallengesArunesh Kumar
John Elkington coined the term "Triple Bottom Line" in 1994, which refers to a business being responsible for profit, protecting the planet, and serving people's interests. Milton Friedman argued that a business's only social responsibility is to increase profits within legal bounds. The 2013 CSR Bill in India mandates that large companies spend 2% of their average net profits on social and environmental activities listed in Schedule VII, such as eradicating hunger and poverty, promoting education, healthcare, and environmental sustainability. While companies and activists have mixed views, proper implementation faces challenges such as unequal regional development and ensuring funds are properly spent and monitored.
This document discusses corporate social responsibility (CSR) in India. It provides background on CSR, defining it as companies managing business processes to have an overall positive social impact. CSR was first discussed academically in the 1950s and is now mandatory for large companies in India under the Companies Act of 2013. The document outlines drivers and significance of CSR, as well as challenges in implementation, such as building local capacity and lack of transparency. It provides a checklist for evaluating CSR programs and concludes that while the Companies Act is a step forward, clear guidelines and transparency are still needed for CSR to be fully realized in India.
What is CSR, History and Phases of CSR, Constituents of CSR, CSR Development in India, CSR Law - Sec 135, Why CSR, Benefits of CSR, CSR Life Cycle, CSR Process, CSR Initiative.
This document provides an agenda for a workshop on corporate social responsibility (CSR). It includes readings, video clips, and a lecture to help participants understand the concept of CSR and how companies incorporate CSR into their business strategies and operations. Companies approach CSR differently depending on issues relevant to their industry and stakeholders. CSR activities should benefit society and create value for the company. Reporting and measurement standards help companies evaluate and communicate their CSR programs. The agenda aims to help participants discover how CSR has evolved, best practices for CSR strategies and processes, and consider appropriate CSR activities for different companies and industries.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Corporate social responsibility an opportunity to improve the status of soc...CA. (Dr.) Rajkumar Adukia
This article will provide us the overall idea about corporate social responsibility from root level to top level. The main motive behind the formation of this concept is the economic contribution of companies to society
CORPORATE SOCIAL IRRESPONSIBILITY IN INDIAAnkit Dabral
This document discusses corporate social responsibility (CSR) in India, including its origins, meaning, and current practices. It provides an overview of CSR provisions in the Companies Act of 2013, which mandates that companies meeting certain criteria must spend 2% of their net profits on CSR activities listed in Schedule VII, such as poverty alleviation, education, and environmental protection. Non-compliance requires companies to provide reasons. The draft rules clarify that CSR activities must benefit India and cannot include activities for employees. An estimated 6,000 companies will need to undertake CSR projects to comply with the new law, potentially amounting to 20,000 crore INR in commitments. For small and medium enterprises just meeting the profit criteria, engaging in CSR may
Getting Ready For Upcoming Act on CSR in Indiaanuptiwari
The Companies Bill 2012 has thrown up several opportunities and challenges. This analysis promotes understanding on the provisions and recommends next steps.
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
Concept of Corporate social responsibility
2. Types of CSR
3. Advantages
4. Concept of CSR under Indian law
5. Companies involved in CSR
6. Concept of CSR under English law
7. Conclusion
Fiinovation Dnote Xpress, Issue #10, Jan 2015Fiinovation
#DNoteXpress : Culture of CSR
Dear Reader,
We are pleased to share with you that the 10th issue of “DNote Xpress” is out.
To find out what's new in this edition, please click - http://bit.ly/1LjtG2A
Article on Corporate Social Responsibility - an insightFCS BHAVIK GALA
This document provides an overview of Corporate Social Responsibility (CSR) in India. It discusses how CSR has evolved from traditional philanthropic activities to become more strategic and linked to business. The Companies Act of 2013 introduced mandatory CSR requirements for large companies in India. It outlines the activities considered eligible for CSR spending under Schedule VII of the Act, such as education, healthcare, environment, and more. The document also discusses the applicability of CSR requirements to companies, constitution of CSR committees, development of CSR policies and programs, and relevant tax benefits.
This document discusses various models and frameworks related to corporate social responsibility (CSR). It outlines the trusteeship and stakeholder models of CSR, as well as the ethical model. It also discusses the international framework for CSR and how businesses' activities can span globally. Finally, it introduces the 17 United Nations Sustainable Development Goals, which provide a framework for countries and companies to work towards social and environmental sustainability goals by 2030.
Corporate Social Responsibility (CSR) Policy - DMI Financedmifinance
1. This document outlines the Corporate Social Responsibility (CSR) Policy of DMI Finance Private Limited as required under the Companies Act 2013. It details the background and applicability of CSR requirements, defines key terms, and outlines the roles of the Board and CSR Committee.
2. The policy specifies the CSR activities to be undertaken related to education, healthcare, environment and more. It also addresses CSR expenditure requirements, reporting and display of CSR activities.
3. An annexure provides the format for the annual CSR report to be included in the Board's report with details of spending and reasons for any shortfall.
How To Cultivate Community Affinity Throughout The Generosity JourneyAggregage
This session will dive into how to create rich generosity experiences that foster long-lasting relationships. You’ll walk away with actionable insights to redefine how you engage with your supporters — emphasizing trust, engagement, and community!
Presentation by Julie Topoleski, CBO’s Director of Labor, Income Security, and Long-Term Analysis, at the 16th Annual Meeting of the OECD Working Party of Parliamentary Budget Officials and Independent Fiscal Institutions.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
karnataka housing board schemes . all schemesnarinav14
The Karnataka government, along with the central government’s Pradhan Mantri Awas Yojana (PMAY), offers various housing schemes to cater to the diverse needs of citizens across the state. This article provides a comprehensive overview of the major housing schemes available in the Karnataka housing board for both urban and rural areas in 2024.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
The Power of Community Newsletters: A Case Study from Wolverton and Greenleys...Scribe
YOU WILL DISCOVER:
The engaging history and evolution of Wolverton and Greenleys Town Council's newsletter
Strategies for producing a successful community newsletter and generating income through advertising
The decision-making process behind moving newsletter design from in-house to outsourcing and its impacts
Dive into the success story of Wolverton and Greenleys Town Council's newsletter in this insightful webinar. Hear from Mandy Shipp and Jemma English about the newsletter's journey from its inception to becoming a vital part of their community's communication, including its history, production process, and revenue generation through advertising. Discover the reasons behind outsourcing its design and the benefits this brought. Ideal for anyone involved in community engagement or interested in starting their own newsletter.
Indira awas yojana housing scheme renamed as PMAYnarinav14
Indira Awas Yojana (IAY) played a significant role in addressing rural housing needs in India. It emerged as a comprehensive program for affordable housing solutions in rural areas, predating the government’s broader focus on mass housing initiatives.
1. Dr. K K Upadhyay
2 May 2020
Corporate Social Responsibility in India and
Role of Corporates During and Post Corona
Times
2. Outline
1. Spirit of Corporate Social
Responsibility
2. What is effect of covid on rural India?
3. Relationship between corporate and
civil society
4. After Corona
5. Q & A
3. The Evolution of CSR
Nobel Laureate Milton Friedman said “the business of
business is business.” and “the only social responsibility
of business is maximizing profits”
Gradually companies grew in size and clout
Companies started playing ever increasing role in
society
From shareholders to stakeholders
Customers
Vendors
Employees
government etc.
4. The Evolution of CSR
Profit Philanthropy
Community
Affairs
CSR
Mandatory
CSR
Company
exists for
short term
and for
profits of
shareholder
s
Donations
and
Charity
Giving
linked to
business
interests
Corporate
doing it
strategical
ly
Complian
ce as a
law
9. A net worth of INR 500 crore
(USD 80 million) or more
1
Turnover of INR 1,000 crore
(USD 170 million) or more, or
Net profit of INR 5 crore
(USD 800,000) or more, or
2
3
CSR-mandated companies
5 years
50,000 cr
Section 135 of the 2013 Act: Schedule VII
Source: https://www.csr.gov.in
10. Section 135 of the 2013 Act
“COMPLY or EXPLAIN”
2019
“COMPLY or PAY PENALTY ”
11. Companies (CSR Policy) Draft Amendment Rules, 2020
Engage international organizations
CSR committee -> CSR policy-as per schedule VII
Unspent – unspent CSR account
>5 cr – impact assessment-> Annual report of CSR
Display on website CSR comm-CSR policy-Projects
National unspent CSR funds
12. Companies (CSR Policy) Draft Amendment Rules, 2020
Modes of implementing CSR activities
(1) The Board shall ensure that the CSR activities are undertaken by the company itself or through:
(2) (a) a company established under section 8 of the Act, or
(b) any entity established under an Act of Parliament or a State legislature.
Private
Sector
Civil
Society
Government
Private sector/ Corporate – management skills
NGOs – linkage at grassroots, understands local problems
Government – Legislations to providing infrastructure
13. CSR and Novel Coronavirus: 2020 as on 2-May-2020
Series of
circulars
General Circular 23.03.2020
Covid 19 activities in Sche VII
Office memo 28.03.2020
PM care fund permitted
General Circular 10.04.2020
Ex-gratia, State disaster mgmt
14. Role of Corporates During and Post Corona times
CSR – BC Before Corona
CSR – AC After Corona
15. Role of Corporates During and Post Corona times
CSR – AC After Corona
•New Normal
•Innovations
•Start-ups
•MSME
•Contribution v/s Project
16. Thank you for your time
Dr. K.K.Upadhyay
Mobile: +91 9868248478
Email id : kkupadhyay@gmail.com