This document discusses corporate social responsibility provisions in the new Companies Act 2013 in India. It provides an introduction to CSR and the history of the Companies Bill. The key CSR provisions in the new Act require companies meeting certain net worth, turnover or profit criteria to form a CSR committee of at least 3 directors. The committee is responsible for formulating a CSR policy and monitoring CSR activities, which must include initiatives related to poverty reduction, education, environment and other social issues. Companies are also required to spend 2% of their average net profit from the past three years on CSR activities focused on local communities. The goal of these CSR requirements is to promote goodwill for companies and ultimately support the growth of their businesses.

1. Corporate Social Responsibility(CSR) in New
Companies Act-2013
Presented By Guided By
 Mukesh Singh
+3 1st Year Com
BC-13-069.
 Suresh Ch. Meher
+3 1st Year Com
BC-13-086
School of Commerce and Management Science.
NSCB College, Sambalpur,Odisha,India
Priyabrata Panda
Jr. lect in Com

2. 1. Introduction.
2. History of Companies Bill.
3. Importance of Company Bill.
4. What is CSR.
5. CSR Voluntary Guidelines 2009.
6. CSR Provisions in New Companies Act.
i) CSR Committee
ii) Functions of the Committee.
iii) Responsibility of the Board.
7. Conclusion.

3. Companies has been passed by both the houses of parliament.
President has already signed on this bill. Hence The Bill is
termed as “ The Companies Act-2013”.
The New Companies Act - 2013 replaced the 57 years old
Companies Act 1956.

4. 1.The companies bill 2008 was introduced in 2008 but
due to dissolution of the lok sabha.
2. Again the bill was reintroduced in 2009 but it .
3. It was reintroduced as a fresh companies bill in 2011.
4.Finally it took the form of companies bill 2012.
5. Companies bill was passed by lok sabha on 18th Dec
2012.
6.It was passed by rajya sabha on 8th Aug 2013.

5. 1.Promotion of corporate governance, accountability and responsibility of
directors and independent directors.
2. New concepts like one man company, dormant company and new csr
provisions are introduced.
3. Provides establishment of serious fraud investigation office, investor
protection special courts.
The focus of this article is to explain Corporate
Social Responsibility (CSR) of New Companies Act

6. 1 A company’s sense of responsibility towards the
community and environment(Both ecological and
social) in which it operates, Companies express this
citizenship through their waste and pollution
reduction
CSR is all about how companies run their business to
produce an overall positive impact on society.

7. CSR Provisions in Companies Act 2013
A Company is bound to conduct CSR activities if the
company meets the following condition.
1.Net Worth(Net Capital) of the company is Rs 500 crore.
or more.
or
2.Turn Over(Sales) is 1000 crore or more.
or
3. Net Profit is 5 crore or more.

8. CSR Provisions in Companies Act 2013(Cont)
1. The company which meets any one of the above
condition are required to make a CSR Committee.
CSR Committee.
At least 3 or more directors.

9. CSR Provisions in Companies Act 2013(Cont)
Functions of CSR Committee.
 Formulation of CSR policy.
 Fixation of CSR activity.
 CSR activity includes decrease of poverty and
hunger, promotion of education, protecting
environment, opposing child labor, plantation etc.
 Monitoring this policy and change it time to time.

10. CSR Provisions in Companies Act 2013(Cont)
Responsibility of the board
 Approving CSR policy.
 Display CSR policy in the company website.
 Spending 2% of average net profit of last three
financial years.
 Local area where company is set up should be given
preference for CSR spending.

11. Conclusion.
CSR
Goodwill
More
Sales
More
Profit
Ultimate
Growth of
the
Business.

12. 
Thanks