A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
This document discusses startups and ease of doing business. It begins with an agenda that covers startups and ease of doing business. It then provides definitions of a startup according to the Indian government and details the criteria an entity must meet to be considered a startup. The document also discusses GNLU's initiatives to support startups founded by its students. Finally, it covers the concept of ease of doing business, how countries are ranked each year by the World Bank, and some of the methodology used to compile the rankings.
Client Alert: August 2012
Alice Simons discusses the primary objectives of the ESOP advocacy efforts in Congress and explains how you can schedule and prepare for a visit with your member of Congress. Brian Wurpts discusses strategies for mature ESOP companies to utilize their excess capital, with a focus on the option of distributing plan assets to participants.
The Doing Business 2013 report finds that over the past 10 years, 180 economies implemented close to 2,000 business regulatory reforms as measured by Doing Business indicators. While regulatory practices have been converging globally, Eastern Europe and Central Asia improved the most, overtaking East Asia and the Pacific as the second most business-friendly region. Reform efforts have focused on starting a business, tax administration, and trade. Poland implemented the most reforms in 2011/12, making business registration, tax payment, contract enforcement, and insolvency resolution easier. European economies in fiscal distress are also working to improve business regulation.
This document provides information about Motherson Sumi Systems Limited, an automotive components manufacturer. It discusses the company's history, capital structure, financial performance from 2009-2014 including balance sheets and cash flows. It analyzes the company's cost of debt, cost of equity, preference shares, and cash budget. Motherson Sumi has a lower cost of debt than competitor Minda Industries, but a higher cost of equity, indicating it is riskier but pays less interest on debt. The company's cash flows have decreased in recent years as spending has increased.
FINANCIAL MARKET CONCLAVE – ROAD TO TURN AROUND - COMPANIES ACT, 2013 - Part -6Resurgent India
The Companies Act, 2013 has made several changes in the regulatory requirements of the companies. It has introduced several new concepts and has streamlined many of the requirements by introducing new definitions. The Act aims to raise the governance level of the Indian companies at par with the global companies.
We at Shah Consultancy Services provide Consultancy in the ares of income tax, service tax, sales tax, Trust, Wills, family arrangements, corporate accounting, restructuring, Company Law and Secretarial matters, Tax planning and many more service
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
This document discusses startups and ease of doing business. It begins with an agenda that covers startups and ease of doing business. It then provides definitions of a startup according to the Indian government and details the criteria an entity must meet to be considered a startup. The document also discusses GNLU's initiatives to support startups founded by its students. Finally, it covers the concept of ease of doing business, how countries are ranked each year by the World Bank, and some of the methodology used to compile the rankings.
Client Alert: August 2012
Alice Simons discusses the primary objectives of the ESOP advocacy efforts in Congress and explains how you can schedule and prepare for a visit with your member of Congress. Brian Wurpts discusses strategies for mature ESOP companies to utilize their excess capital, with a focus on the option of distributing plan assets to participants.
The Doing Business 2013 report finds that over the past 10 years, 180 economies implemented close to 2,000 business regulatory reforms as measured by Doing Business indicators. While regulatory practices have been converging globally, Eastern Europe and Central Asia improved the most, overtaking East Asia and the Pacific as the second most business-friendly region. Reform efforts have focused on starting a business, tax administration, and trade. Poland implemented the most reforms in 2011/12, making business registration, tax payment, contract enforcement, and insolvency resolution easier. European economies in fiscal distress are also working to improve business regulation.
This document provides information about Motherson Sumi Systems Limited, an automotive components manufacturer. It discusses the company's history, capital structure, financial performance from 2009-2014 including balance sheets and cash flows. It analyzes the company's cost of debt, cost of equity, preference shares, and cash budget. Motherson Sumi has a lower cost of debt than competitor Minda Industries, but a higher cost of equity, indicating it is riskier but pays less interest on debt. The company's cash flows have decreased in recent years as spending has increased.
FINANCIAL MARKET CONCLAVE – ROAD TO TURN AROUND - COMPANIES ACT, 2013 - Part -6Resurgent India
The Companies Act, 2013 has made several changes in the regulatory requirements of the companies. It has introduced several new concepts and has streamlined many of the requirements by introducing new definitions. The Act aims to raise the governance level of the Indian companies at par with the global companies.
We at Shah Consultancy Services provide Consultancy in the ares of income tax, service tax, sales tax, Trust, Wills, family arrangements, corporate accounting, restructuring, Company Law and Secretarial matters, Tax planning and many more service
Quotient of ease of doing business in India i.e. assessing the hurdles businesses face and the procedures that have to be followed while doing business in India.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The document discusses India's rankings in the World Bank's annual Doing Business Report, which measures business regulations and their impact on domestic firms. Some key points:
- India ranked 134 out of 189 economies in terms of ease of doing business, down from 131 the previous year.
- It takes 27 days and costs 47.3% of income per capita to start a business in India, where the country ranked 179th in ease of starting a business.
- Resolving insolvency in India takes 4.3 years and recovery rate for creditors is only 25.6 cents on the dollar, resulting in a 121st ranking in resolving insolvency.
- Overall India has been a laggard in
New Zealand - Proposed Employee Share Scheme ChangesMatthew Minnema
The New Zealand Inland Revenue Department released an issues paper in May 2016 proposing changes to the taxation of employee share schemes. The proposals aim to align the tax treatment of share schemes with cash payments by distinguishing between conditional and unconditional schemes. The changes may result in some share schemes being taxed earlier and higher taxes for employees. Employers and those with approved share schemes are encouraged to review how the proposed changes could impact them. Public submissions on the proposals are requested by 22 June 2016.
The document compares key parameters for ease of doing business in India with the top 5 performing countries. It shows that India lags behind in most parameters like starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders and enforcing contracts. The major issues highlighted for India include higher number of procedures, longer time taken, higher costs and lack of reforms. Areas that need improvement are streamlining procedures, increasing use of online and electronic processes, bringing efficiency in utilities and strengthening legal frameworks.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The law of attraction: new rules regarding deferred compensation plans may he...lackingdiva5526
New rules have clarified the use of company-owned life insurance (COLI) and bank-owned life insurance (BOLI) to fund supplemental executive retirement plans (SERPs) and nonqualified deferred compensation plans. This makes these plans more attractive for attracting and retaining top talent. The rules set by Congress, the IRS, and other regulators address prior issues and reduce tax and legal uncertainties. As a result, more businesses and banks may offer these plans going forward.
Challenges of Doing Business in india - Corruption, Efficiency and the Way Fo...IPPAI
Mr. Dhanendra Kumar
Former Chairman CCI, & Principal Advisor
Indian Institute of Corporate Affairs
Ministry of Corporate Affairs, Govt. of India
at RPR 2012, 23-26 August, Goa, India
Bajaj Auto Ltd is a leading Indian motorcycle manufacturer with a dominant market position, and this case study examines the company's working capital management from 2010-2014. Over this period, Bajaj consistently maintained a negative working capital position due to high provisions for expenses like employee benefits and taxes. However, the company effectively manages its working capital through inventory management practices and a payment cycle that allows it to pay suppliers later than it receives payments from customers.
Choosing the appropriate legal structure is a crucial decision for any startup.What are the basic forms of doing business and their relative benefits? Essential procedures and prerequisites of each form of business.
Contractual safeguards: How do we limit contractual liability? Relevant stakeholders (promoters/co-founders; employees; consultants; clients and vendors) and the respective contract liability mitigating strategies.
Data Protection: How do we protect the competitive value of data in our business? Data protection is distinct from IPRs, and therefore, we must understand the legal framework of protecting data and the relevant international trends in this regard.
The document describes the ease of doing business in India. It discusses the factor used for calculating ease of doing business index. It also mentions about the regulations restricting the ease of doing business in India and the way forward to improve the same.
This presentation contains all the details regarding new improvements in Doing Business in India 2018. The data is taken from various news articles and Ease of Doing business 2018 world bank Report. I am ready to send detailed report along with conclusion on Ease of doing business at Attractive price..
Following are the references used in report:
1 World Bank, Doing Business Report 2018, October 2017
2 Doing Business website: http://www.doingbusiness.org
3 live mint, 2017, Matthew Lillehaugen and Milan Vaishnav: Doing business in India: myths and realities
4 Hindustan Times, October 31, 2017, P Suchetana Ray and Asit Ranjan Mishra, India jumps into top 100 in World Bank’s ease of doing business rankings
5 Hindustan Times, 1 Nov, 2017, P Suchetana Ray and Moushumi Das Gupta, Ease of doing business: How India improved its ranking.
1) The document analyzes the influence of human resource costs on the financial performance of consumer goods companies in Nigeria. It examines factors like salary/wages, directors' emoluments, pension costs, and gratuity costs.
2) Secondary data from 10 years of annual reports of selected consumer goods companies was analyzed using statistical panel estimation techniques.
3) The results showed that pension costs, directors' emoluments, and gratuity costs had a positive and statistically significant impact on return on assets, while salary/wages had a positive but insignificant impact. Therefore, investment in human resources significantly influenced the financial performance of the Nigerian consumer goods company.
A full package professional guide with the added skill of financial expertise, regulatory and procedural compliance excellence are fitted for the role of mentoring the budding Agri-preneurs. They may seek the assistance of such professionals/experts in terms of guiding through compliance procedure, financial management and strategies, attracting investors with well business plan, so that they can freely focus upon the core business planning. The experts may help in understanding what type of skills entrepreneurs need at each stage of a mentoring relationship, that is, initiation, cultivation, separation, and redefinition stage.
corporate governance is booster in all aspects of activities cost reduction , profit maximization , it is relevant for NGO , Sole proprietor, partnership
This document provides an overview of Balmer Lawrie & Co. Ltd.'s annual budgeting process and the roles of the Finance and Vigilance departments. It discusses tips for effective budgeting from a Wall Street Journal article, including using dynamic planning rather than budgets for strategic planning. It then profiles the Finance department as the "number crunchers" who help streamline systems and provide analytical support. The Vigilance department is also introduced as actively working to promote anti-corruption. Leadership speaks articles provide further context on the diverse business portfolio, need for a robust management control system, and roles of Finance and Vigilance departments in oversight and transparency.
The legal environment and the sme sectorM S Siddiqui
Tax exemptions provided for legalizing the undocumented income through investment in certain sectors could distort the equity in the market. Similarly, misuse of the tax holiday facility may cause bias against small enterprises operating in the same sector.
This annual report summarizes the financial performance of BSL Limited for the fiscal year 2013-2014. Key highlights include total revenues increasing to Rs. 338.90 crores from Rs. 295.93 crores the previous year, with exports accounting for Rs. 189.62 crores of total revenue. Net profit after tax saw a significant increase to Rs. 3.36 crores from Rs. 0.35 crores in the previous fiscal year. The report also provides an analysis of performance by business division and discusses opportunities and risks faced by the company.
This document is a project report submitted by Mitesh Ghiya, a student at the University of Rajasthan, in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a financial overview of the telecom sector in India with a focus on Bharat Sanchar Nigam Limited (BSNL). It includes sections on the research methodology used, a profile of BSNL, a SWOT analysis, conclusions, and suggestions. The document was certified by the head of the BBA department and declares that the work is Mitesh Ghiya's original work.
Impact of the JOBS Act on the IPO Market (Series: THE JOBS ACT - A RETROSPECT...Financial Poise
The document discusses the impact of the JOBS Act on the IPO market. It summarizes key aspects of the JOBS Act that make the IPO process easier for emerging growth companies, including:
1) Allowing emerging growth companies to "test the waters" by communicating with qualified institutional buyers and accredited investors to determine interest in a potential offering.
2) Permitting emerging growth companies to submit draft registration statements confidentially for SEC review before publicly filing.
3) Reducing various disclosure and reporting requirements for emerging growth companies for up to five years after going public.
The JOBS Act helped stimulate the IPO market by creating an "IPO on-ramp" for smaller companies through these
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
The net profit as per section 198 of the Companies Act, 2013 is calculated as follows:
Profit before Tax 4,000,000
Less: Directors' remuneration (300,000)
Interest on debentures & unsecured loan (100,000)
Bad debts (55,000)
Loss on sale of undertaking (80,000)
Add: Subsidy from government 10,000
Less: Profit on sale of machinery (40,000)
Net gain on fair value changes (80,000)
Net Profit as per Section 198 3,355,000
Quotient of ease of doing business in India i.e. assessing the hurdles businesses face and the procedures that have to be followed while doing business in India.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The document discusses India's rankings in the World Bank's annual Doing Business Report, which measures business regulations and their impact on domestic firms. Some key points:
- India ranked 134 out of 189 economies in terms of ease of doing business, down from 131 the previous year.
- It takes 27 days and costs 47.3% of income per capita to start a business in India, where the country ranked 179th in ease of starting a business.
- Resolving insolvency in India takes 4.3 years and recovery rate for creditors is only 25.6 cents on the dollar, resulting in a 121st ranking in resolving insolvency.
- Overall India has been a laggard in
New Zealand - Proposed Employee Share Scheme ChangesMatthew Minnema
The New Zealand Inland Revenue Department released an issues paper in May 2016 proposing changes to the taxation of employee share schemes. The proposals aim to align the tax treatment of share schemes with cash payments by distinguishing between conditional and unconditional schemes. The changes may result in some share schemes being taxed earlier and higher taxes for employees. Employers and those with approved share schemes are encouraged to review how the proposed changes could impact them. Public submissions on the proposals are requested by 22 June 2016.
The document compares key parameters for ease of doing business in India with the top 5 performing countries. It shows that India lags behind in most parameters like starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders and enforcing contracts. The major issues highlighted for India include higher number of procedures, longer time taken, higher costs and lack of reforms. Areas that need improvement are streamlining procedures, increasing use of online and electronic processes, bringing efficiency in utilities and strengthening legal frameworks.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The law of attraction: new rules regarding deferred compensation plans may he...lackingdiva5526
New rules have clarified the use of company-owned life insurance (COLI) and bank-owned life insurance (BOLI) to fund supplemental executive retirement plans (SERPs) and nonqualified deferred compensation plans. This makes these plans more attractive for attracting and retaining top talent. The rules set by Congress, the IRS, and other regulators address prior issues and reduce tax and legal uncertainties. As a result, more businesses and banks may offer these plans going forward.
Challenges of Doing Business in india - Corruption, Efficiency and the Way Fo...IPPAI
Mr. Dhanendra Kumar
Former Chairman CCI, & Principal Advisor
Indian Institute of Corporate Affairs
Ministry of Corporate Affairs, Govt. of India
at RPR 2012, 23-26 August, Goa, India
Bajaj Auto Ltd is a leading Indian motorcycle manufacturer with a dominant market position, and this case study examines the company's working capital management from 2010-2014. Over this period, Bajaj consistently maintained a negative working capital position due to high provisions for expenses like employee benefits and taxes. However, the company effectively manages its working capital through inventory management practices and a payment cycle that allows it to pay suppliers later than it receives payments from customers.
Choosing the appropriate legal structure is a crucial decision for any startup.What are the basic forms of doing business and their relative benefits? Essential procedures and prerequisites of each form of business.
Contractual safeguards: How do we limit contractual liability? Relevant stakeholders (promoters/co-founders; employees; consultants; clients and vendors) and the respective contract liability mitigating strategies.
Data Protection: How do we protect the competitive value of data in our business? Data protection is distinct from IPRs, and therefore, we must understand the legal framework of protecting data and the relevant international trends in this regard.
The document describes the ease of doing business in India. It discusses the factor used for calculating ease of doing business index. It also mentions about the regulations restricting the ease of doing business in India and the way forward to improve the same.
This presentation contains all the details regarding new improvements in Doing Business in India 2018. The data is taken from various news articles and Ease of Doing business 2018 world bank Report. I am ready to send detailed report along with conclusion on Ease of doing business at Attractive price..
Following are the references used in report:
1 World Bank, Doing Business Report 2018, October 2017
2 Doing Business website: http://www.doingbusiness.org
3 live mint, 2017, Matthew Lillehaugen and Milan Vaishnav: Doing business in India: myths and realities
4 Hindustan Times, October 31, 2017, P Suchetana Ray and Asit Ranjan Mishra, India jumps into top 100 in World Bank’s ease of doing business rankings
5 Hindustan Times, 1 Nov, 2017, P Suchetana Ray and Moushumi Das Gupta, Ease of doing business: How India improved its ranking.
1) The document analyzes the influence of human resource costs on the financial performance of consumer goods companies in Nigeria. It examines factors like salary/wages, directors' emoluments, pension costs, and gratuity costs.
2) Secondary data from 10 years of annual reports of selected consumer goods companies was analyzed using statistical panel estimation techniques.
3) The results showed that pension costs, directors' emoluments, and gratuity costs had a positive and statistically significant impact on return on assets, while salary/wages had a positive but insignificant impact. Therefore, investment in human resources significantly influenced the financial performance of the Nigerian consumer goods company.
A full package professional guide with the added skill of financial expertise, regulatory and procedural compliance excellence are fitted for the role of mentoring the budding Agri-preneurs. They may seek the assistance of such professionals/experts in terms of guiding through compliance procedure, financial management and strategies, attracting investors with well business plan, so that they can freely focus upon the core business planning. The experts may help in understanding what type of skills entrepreneurs need at each stage of a mentoring relationship, that is, initiation, cultivation, separation, and redefinition stage.
corporate governance is booster in all aspects of activities cost reduction , profit maximization , it is relevant for NGO , Sole proprietor, partnership
This document provides an overview of Balmer Lawrie & Co. Ltd.'s annual budgeting process and the roles of the Finance and Vigilance departments. It discusses tips for effective budgeting from a Wall Street Journal article, including using dynamic planning rather than budgets for strategic planning. It then profiles the Finance department as the "number crunchers" who help streamline systems and provide analytical support. The Vigilance department is also introduced as actively working to promote anti-corruption. Leadership speaks articles provide further context on the diverse business portfolio, need for a robust management control system, and roles of Finance and Vigilance departments in oversight and transparency.
The legal environment and the sme sectorM S Siddiqui
Tax exemptions provided for legalizing the undocumented income through investment in certain sectors could distort the equity in the market. Similarly, misuse of the tax holiday facility may cause bias against small enterprises operating in the same sector.
This annual report summarizes the financial performance of BSL Limited for the fiscal year 2013-2014. Key highlights include total revenues increasing to Rs. 338.90 crores from Rs. 295.93 crores the previous year, with exports accounting for Rs. 189.62 crores of total revenue. Net profit after tax saw a significant increase to Rs. 3.36 crores from Rs. 0.35 crores in the previous fiscal year. The report also provides an analysis of performance by business division and discusses opportunities and risks faced by the company.
This document is a project report submitted by Mitesh Ghiya, a student at the University of Rajasthan, in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a financial overview of the telecom sector in India with a focus on Bharat Sanchar Nigam Limited (BSNL). It includes sections on the research methodology used, a profile of BSNL, a SWOT analysis, conclusions, and suggestions. The document was certified by the head of the BBA department and declares that the work is Mitesh Ghiya's original work.
Impact of the JOBS Act on the IPO Market (Series: THE JOBS ACT - A RETROSPECT...Financial Poise
The document discusses the impact of the JOBS Act on the IPO market. It summarizes key aspects of the JOBS Act that make the IPO process easier for emerging growth companies, including:
1) Allowing emerging growth companies to "test the waters" by communicating with qualified institutional buyers and accredited investors to determine interest in a potential offering.
2) Permitting emerging growth companies to submit draft registration statements confidentially for SEC review before publicly filing.
3) Reducing various disclosure and reporting requirements for emerging growth companies for up to five years after going public.
The JOBS Act helped stimulate the IPO market by creating an "IPO on-ramp" for smaller companies through these
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
The net profit as per section 198 of the Companies Act, 2013 is calculated as follows:
Profit before Tax 4,000,000
Less: Directors' remuneration (300,000)
Interest on debentures & unsecured loan (100,000)
Bad debts (55,000)
Loss on sale of undertaking (80,000)
Add: Subsidy from government 10,000
Less: Profit on sale of machinery (40,000)
Net gain on fair value changes (80,000)
Net Profit as per Section 198 3,355,000
The document discusses the mandatory section on corporate social responsibility (CSR) under the Companies Act 2013 in India. Key points include:
1. The Companies Act 2013 introduced mandatory CSR provisions that require companies meeting certain profit, turnover, or net worth thresholds to spend 2% of their average net profits on CSR activities.
2. Eligible companies must form a CSR committee and develop a CSR policy outlining activities to be undertaken from a provided list, such as eradicating hunger, promoting education, and ensuring environmental sustainability.
3. CSR is a way for companies to integrate social and environmental objectives into their business operations and growth, not just charity, for the common good of stakeholders.
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.
The document discusses corporate social responsibility (CSR) in India as mandated by the Companies Act of 2013. Some key points:
- India was the first country to mandate that companies spend 2% of their net profits on CSR activities. This applies to companies with over 500 crore net worth or 1000 crore turnover.
- Eligible CSR activities include eradicating hunger, promoting education, gender equality, and environmental sustainability.
- Companies must form a CSR committee and develop a CSR policy. They must report on CSR initiatives annually.
- The Act aims to promote greater transparency around companies' social and environmental impacts. A minimum of 6000 companies will need to undertake CSR projects to comply.
The document discusses the prospects and problems of e-commerce from the perspectives of different stakeholders. It outlines several chapters that will cover topics like the types of e-commerce, essential e-commerce processes, and the prospects and problems of e-commerce for businesses, consumers, and the government. Finally, it provides details on the students who prepared the report and confirms their submission for approval.
Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
This document discusses CSR legislation in India according to Section 135 of the Companies Act 2013. It mandates that companies meeting certain profit thresholds must spend 2% of their average net profits of the previous three years on CSR activities focused on areas like poverty alleviation, education, gender equality, healthcare, environment sustainability and others. Companies are required to form a CSR committee to devise and monitor CSR strategies. While there are no penalties for failing to spend on CSR, companies can be fined for failing to report on CSR activities or explain why spending was not done. The top CSR performing companies in India are also mentioned.
The document summarizes the key provisions around corporate social responsibility (CSR) in the Companies Act of 2013 in India. It outlines that companies meeting certain profit or turnover thresholds will need to constitute a CSR committee and spend at least 2% of their average net profits on qualifying social projects. It also analyzes some ambiguities and issues around political contributions qualifying as CSR, tax benefits for CSR spending, and potential loopholes like profit shifting to avoid the requirements. In conclusion, it argues that CSR should no longer be seen as just philanthropy but as a real responsibility of companies.
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
Corporate Social Responsibility - FiinovationFiinovation
Fiinovation understands evolution of industries leads to organized economies. Gradually, the focus of the corporations shifted from a demand-supply relationship to marketing themselves among the target audience in order to sustain them among increased competition. Fiinovation believes the consumers in advancing economies entrust a brand which contributes towards improvement of their society.
CSR Contribution made by selected Indian Manufacturing Multinational Companiesijtsrd
"The concept of CSR has gained lot of significance lately. But in India, complying provisions of CSR becomes mandatory after introduction of CSR policy in Indian Companies Act, 2013 for the companies who fulfill the certain criteria as mentioned. The rationale behind CSR is to embrace the responsibility for companies’ action and encouraging the positive impact through its activities on environment, healthcare, livelihood, rural development, education and so on. The present study has made an attempt to understand the CSR policy initiatives made by four major companies in India. All the data collected and used for research work is secondary in nature like official websites and reports published by companies, magazines, journals and other reference books. The purpose of this paper is to know the contribution made by four top Indian manufacturing MNC and analyze the same. These companies are drawn from ‘The CSR Journal Miss. Charuta P. Kulkarni ""CSR Contribution made by selected Indian Manufacturing Multinational Companies"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management , March 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23055.pdf
Paper URL: https://www.ijtsrd.com/management/strategic-management/23055/csr-contribution-made-by-selected-indian-manufacturing-multinational-companies/miss-charuta-p-kulkarni"
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.
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
Presentation prepared based on the Section 135 of the Companies Act, 2013 , Companies (Corporate Social Responsibility Policy) Rules, 2014 and Revised Schedule VII of the CA 2013.
Business Responsibility and Sustainability .pdfaakash malhotra
Read Deloitte India’s Business Responsibility and Sustainability Report and what it means for the top 1,000 listed entities in India. The Securities and Exchange Board of India (SEBI) introduced new requirements for sustainability reporting by listed companies. It aims to establish links between the financial results of a business with its ESG performance.
India became the first country to mandate spend on CSR activities through a statutory provision after the President of India gave assent to the Companies Bill, 2013,.
The Provision of Corporate Social Responsibility (CSR) are effective from financial year 2014-15.
As per Section 135 of the Act, every company with a specified net worth or turnover or net profit are required to mandatorily spend 2 percent of its average net profit towards specified CSR activities.
Though many corporate houses in India have been doing CSR activities voluntarily, the new CSR provisions put formal and greater responsibility on companies to set out clear framework and process to ensure strict compliance.
The Board of Directors of the companies are responsible to ensure that the company spends the mandatory CSR spend on specified CSR activities in accordance with the CSR policy of the company and disclose the CSR policy and CSR activities of the company as specified in the provisions.
Each qualifying company should form a CSR committee which will formulate the CSR policy of the company and effectively monitor the CSR activities of the company.
The Ministry of Corporate Affairs (MCA) has issued draft rules on CSR for public discussion. The said draft CSR rules lay down the framework and guidance on the manner in which every eligible company is expected to undertake CSR initiatives.
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.
Similar to Csr spending-by-bse-100-and-br rs-analysis (20)
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1. SECTION 135
(The NEW COMPANIES ACT 2013)
CSR SPENDING ESTIMATES - BSE TOP 100
(Including Business Responsibility Reports Analysis)
2. 1
fter the Lok Sabha gave its approval in December last year, there arose some noise
surrounding the New Companies Bill 2013. Media, companies, and that part of the general
public that seems interested in the legislative affairs of the country dissected the Bill end to
end, discussed and debated the likely impacts. A few days later, the noise ceased. Nobody seemed
to know what ultimately would become of the bill. Every Parliament session post December –
2012 saw increased anticipation among interested stakeholders as to when Rajya Sabha will
formally take up the bill for consideration. After more than seven months, on August 8th, the bill
was moved for consideration in the upper house. “This is a momentous day, as this will usher in a
new era for the company law," said Sachin Pilot, Minister of State for corporate affairs after the bill
was passed, aptly encapsulating the end of a long and anxious wait.
The President gave his approval to the bill to be enacted into a law end of August 2013. The
spanking new Act is simpler, with fewer clauses and pages and looks at contemporary issues such
as corporate governance, investor protection, corporate social responsibility (CSR) and measures
to check frauds. Further, a third of corporate boards have to necessarily comprise independent
members, some boards would have to include more women, auditors will be compulsorily
changed every ten years, minority shareholders and depositors can launch action suits against
managements, among other sea changes.
What interests us, Partners in Change (PiC), as an organization
that has been pioneering the understanding and practice of
corporate responsibility issues in India, is Clause 135 that makes
it mandatory for companies of a certain size and profitability to
spend 2% of their average net profits of previous 3 years on CSR.
The proposed draft CSR rules under Section 135 of the Act has
been posted on the Ministry of Corporate Affairs (MCA) website
for public comments till 7th October 2013.
The clause on CSR is being celebrated and criticized in, may we say, equal measure. The
development sector, as the world of NGOs and professionals working in the area of social and
economic development has come to be known as, is rejoicing. It sees this clause as a late but
welcome measure to make companies understand its responsibilities towards the society and act
conscientiously. The other side of their joy is the opening up of much-needed funding options.
Some in the sector, however, feel that the clause dilutes the meaning of a company’s commitment
to ethical and responsible business and instead focuses on the end (under Schedule VII) as
opposed to means of doing business.
The reactions seem appear mixed on the other side as well. Some in the corporate sector are
worried that making CSR spending mandatory would lead to what is informally referred to as
“cheque-book CSR”. Others, while sounding positive about a law that encourages companies to act
A
The proposed draft
rules specify that “Net
Profit’ for the
section 135.. shall
mean, net profit
before tax as per
books of accounts..”
3. 2
responsibly, find the list and scope of activities too small to comprehensively correspond to what
entails a company’s responsibilities towards the society.
We at PiC, through this document, have tried to analyze the likely impact of the new Act on the
CSR landscape of the country. Although we do have an opinion on the subject, we have tried to
keep this document unbiased and objective. We believe that the use or misuse of the CSR clause
will be determined by the intent of the companies. As Plato said “Good people do not need laws to
tell them to act responsibly, while bad people will find a way around the laws.”
CLAUSE 135
WHO MUST COMPLY?
Every registered company with:
Net worth Rs 500cr or
Turnover Rs 1,000cr or
Net profit Rs 5cr; during any financial year
WHO WILL BE ACCOUNTABLE?
Company to constitute a CSR Committee of the board members consisting of at least 3 directors
At least 1 committee member to be an independent director
WHAT WILL THE CSR COMMITTEE DO?
Formulate and recommend to Board, a CSR Policy which shall indicate the activities to be
undertaken
Recommend amount of expenditure to be incurred on activities
Monitor CSR Policy of the company from time to time
WHAT WILL BE THE ROLE OF THE BOARD OF DIRECTORS?
Review recommendations made by the CSR Committee
Approve CSR Policy for the company
Disclose contents of the Policy in company's report/website
Ensure that company spends at least 2% of its average profits during previous 3 financial years.
WHAT ARE THE ACTIVITIES A COMPANY CAN UNDERTAKE?
As per Schedule VII, activities, as a Project Mode:
Eradication of hunger and poverty
Promotion of education
Promotion of gender equality and women empowerment
Health - reducing child mortality, improving maternal health, combating HIV, AIDS, malaria
Employment enhancing vocational skills
Contribution to PM's fund or other fund set up by central govt or the state govts for socio-
economic development and relief and funds for the welfare of SC, ST, backward classes,
minorities and women
Ensuring environmental sustainability
Social business projects
Such other matters as may be prescribed
4. 3
he biggest challenge in providing an in-depth quantitative analysis of the impact of the CSR
clause was the huge universe that needed to be sampled and scrutinized –all listed and
unlisted companies which match the net worth, turnover and profitability parameters. The
other pressing challenge was the availability of reliable financial information relating to
companies, especially the amount allocated or spent on CSR.
For the purpose of this document, hence, we have chosen the Top 100 listed companies in India
based on Bombay Stock Exchange (BSE) rankings on 31st March 2011. Not only are these
companies the biggest and the most influential, establishing benchmarks for others to measure up
to, they have also been mandated by Securities and Exchange Board of India (SEBI) to publish a
yearly Business Responsibility Report (BRR) separately or along with their annual reports.
BRR is a disclosure of adoption of responsible business practices by a listed company to all its
stakeholders. Based on 'National Voluntary Guidelines on Social, Environmental and Economic
Responsibilities of Business (NVGs) notified by Ministry of Corporate Affairs, Government of India,
in July, 2011, BRR has been designed to provide basic information about the company, information
related to its performance and processes, and information on principles and core elements. The
prescribed format also provides a set of generic reasons which the company can use for explaining
their inability to adopt the business responsibility policy.
The analyses in this document are based on the information relating to these top 100 companies
available in the public domain. For each of these companies, we collated information on the profits
after tax during financial years (FY) 2009-10 to 20012-13 from the annual reports, BRR and other
secondary sources. In case of the amount spent on CSR activities during FY 2012-13 we chose to
strictly stick to the BRR or annual report. We could have collected information from alternative
sources such as sustainability documents, CSR websites and news reports but for robust analyses,
we relied on the latest information made available by the company itself.
After having collected this information, we calculated the actual CSR spending as a percentage of
average profits after tax for FY 09-10, 10-11 and 11-12 (which would be necessary amount to be
spent on CSR, as per the clause, if applied retrospectively). Then we calculated what would amount
T
It should be noted that the process and results of this assessment are based on
companies’ profit after taxes (specified in the original rules), as opposed to net profit
before tax specified in the recent draft rules posted on the MCA website. As per PiC’s
calculations the amounts stated in the in pages below may rise by 20-30%, depending
on what finally comes to be included in the calculation of net profit before taxes for the
purpose of Section 135.
5. 4
to 2% of average profits after tax for FY 09-10, 10-11 and 11-12 to
assess the difference between actual and stipulated spending. Lastly,
we estimated what the spending may be in FY 13-14, based on the
profits of FY 10-11, 11-12 and 12-13).
Note: Although we have calculated the amount that may be
spent on CSR in FY 13-14, section 135 makes it mandatory to
spend on CSR from FY 14-15 onwards only.
XYZ Company India Ltd
FINANCIALS (INR Crore)
Net Profit in FY 2009-10 1,000
Net Profit in FY 2010-11 2,000
Net Profit in FY 2011-12 3,000
Net Profit in FY 2012-13 4,000
CSR Spending in FY 2012-13 100
% of Net Profit of FY 12-13 spent on CSR
(100/4000)*100
2.5%
Average Net Profit of FY 2009-10, 2010-11,
2011-12
(1000+2000+3000)/3
2,000
2% of Average Net Profit of FY 2009-10,
2010-11, 2011-12
(2/100)*2000
40
Actual CSR spending as % of Average Net
Profit of FY 2009-10, 2010-11, 2011-12
(100/2000)*100
5%
Average Net Profit of FY 2010-11, 2011-12,
2012-13
(2000+3000+4000)/3
3,000
CSR spending required in FY 2012-14
(2/100)*3000
60
Section 135 makes
it mandatory to
spend on CSR from
FY 14-15 onwards.
6. 5
AVAILABILITY OF INFORMATION
As of 30th September 2013, we were able to access 84 companies’ AR and/or BRR. In case of seven
companies, the BRR did not have the required information. In case of 9 companies on the Top 100 list,
BRR was not available on the company websites. These either did not have their annual reports/BRR on
the website or the annual report was not due to be released.
Figure I: Availability of Information
COMBINED CSR ACCOUNT
The 84 companies whose CSR specific information was available and assessed spent
approximately Rs Rs 2724 crores in 2012-13. If all the 100 companies follow the clause under the
new companies bill in 2013-14, the total CSR expenditure for this financial year would be at least
Rs 5,690 crores.
Figure II: Actual CSR spending and requirement
COMPANY GRADING
84
7
9
BRR with required information
BRR available without required
information
BRR not available
4,276
2,724
5,690
4,688
Actual CSR spending by the assessed 84
companies in FY 12-13
2% of Average net profit of FY 10, 11 and
12 for the assessed 84 companies
CSR spending requirement in FY 13-14 as
per the Act for the assessed 84 companies
CSR spending requirement in FY 13-14 as
per the Act for top 100 listed companies
7. 6
To analyse the companies on the basis of how much they spent on CSR in FY 12-13, keeping in
mind the 2% clause which has come into effect, four grades were set. Companies that spent more
than 2% of their average profits of the previous three years in FY 12-13 were categorized under
Grade A; those who spent between 1 and 2% under Grade B; those who spent between 1 to .5%
under Grade C and companies that spent lower than that in the last category, i.e Grade D.
GRADING CSR SPENDING IN 2012-13
A More than 2 % of Average Net Profit of FY 09-10, 10-11 & 11-12
B Between 2-1% of Average Net Profit of FY 09-10, 10-11 & 11-12
C Between 1 - .5 % of Average Net Profit of FY 09-10, 10-11 & 11-12
D Less than 0.5 of Average Net Profit of FY 09-10, 11-12 & 11-12
Among the top 100 companies, only 16 fell under Grade A; 28 came under Grade B and 22 in Grade
C. A total of 15 companies in the Top 100 list spent less than .5% of their profits on CSR, with one
company admitting it has not spent anything. While information for 16 companies was not
available at the time of writing this report, 3 companies spent on CSR, despite incurring losses in
FY 12-13.
Figure III: Number of companies in each grade
Adani enterprises topped the Grade A list with almost 5.28% of the average of the previous three
years’ profits spent on CSR in FY 12-13. The other top spenders include Adani Power, Reliance
Power, NALCO, Ambuja Cements and Nestle India. The graph above shows the companies falling
16
28
22
15
3
16
Grade A
Grade B
Grade C
Grade D
Spent despite losses
No information
8. 7
under Grade A and the following figures show the companies falling under Grade B and C and the
percentage of profit they spent on CSR during FY 12-13.
Topping the list of companies which came under Grade B is Bajaj auto with around 1.93% of its
average profits spent on CSR. This figure, however, is lower than what will be expected of
companies once the new law comes into effect. Other big spenders in this category include Dr
Reddy’s Laboratories, ACC, Reliance Industries among others. There’s one company in the Top 100
list which claimed that it has not spent anything on CSR in 2012-13.
The following figure shows the companies under Grades A and B and the amount spent by them on
CSR in 2012-13 as a percentage of the profits of the previous three financial years (as per the
Companies Act requirement). For Grades C and D, only company names have been mentioned.
10. 9
GRADE C
HDFC Bank Sesa Goa
Yes Bank Titan Industries
Maruti Suzuki India NHPC
NTPC Bosch
Power Grid Corporation Of India DLF
Tata Consultancy Services Steel Authority Of India
Tata Power Petronet LNG
Power Finance Corporation Bharat Electronics
Cipla Container Corporation Of India
Godrej Consumer Products Shriram Transport Finance Company
Glaxosmithkline Pharmaceuticals Kotak Mahindra Bank
GRADE D
Reliance Infrastructure Asian Paints
Bharti Airtel Punjab National Bank
Canara Bank Hero Motocorp
Sun Pharmaceutical Industries Bank of India
Wipro Union Bank of India
Zee Entertainment Enterprises Glaxosmithkline Consumer Healthcare
Exide Industries Oracle Financial Services Software
Bank of Baroda
COMPANIES THAT SPENT DESPITE LOSSES IN FY12-13
MMTC Ranbaxy Laboratories Adani Power
COMPANIES THAT SPENT MORE THAN 2% OF AVERAGE NET PROFIT OF
FY11,12 & 13
Among the top 100 companies, there were a few who may not worry about not meeting the 2%
target, at least for the FY 2012-13. These companies spent more than 2% of their average profits
of the previous three years in 2012-13. The graph below shows which companies went beyond the
2% rule and by how much.
11. 10
Figure V: Companies that went beyond 2%
TOP SPENDERS IN ABSOLUTE TERMS
The figures above are based on the percentage of profits spent on CSR. The list changes its
character once we look at the amount spent in absolute terms. The list is, unsurprisingly, topped
by Reliance Industries with almost Rs 357 crore spent on CSR in 2012-13. The list also includes
ONGC, Tata Steel, State Bank of India, ICICI Bank, ITC, Indian Oil Corporation, Larsen and Taubro
and Hindustan Unilever. The chart below shows the top ten spenders among the top 100 and the
approximate amount they spent on CSR in 2012-13.
Jindal Steel & Power
Tata Steel
Hindustan Unilever
Ambuja Cements
National Aluminium Company
ICICI Bank
Ultratech Cement
Adani Enterprises
Nestle India
Adani Ports & SEZ
IDFC
Reliance Power
Adani Power
Jaiprakash Associates
Colgate-Palmolive (India)
Hindustan Copper
99.14
170.59
69.09
39.82
30.99
116.55
43.40
15.57
24.54
25.78
31.21
10.70
6.50
28.81
9.92
5.11
37.69
124.05
47.99
24.73
18.22
104.27
32.95
5.89
16.29
19.09
25.65
5.71
2.66
26.01
8.47
4.68
2% of Average PAT of FY10, 11 and 12 CSR Spending in FY 13
12. 11
Figure VI: Top spending companies
OBSERVATIONS ON COMPANY BRRs
While studying the Business Responsibility reports of the companies under assessment, quite a
few anomalies were observed. While SEBI has created a structured format for reporting, the same
has not been followed by many companies. A few of the observations are listed below.
Many companies are not using the suggested format
In many cases, the reporting requirements have been diluted by excessive descriptive text
and avoiding statistics
Companies do not seem to be on the same page when it comes to the understanding of NVG
principles
Many companies have not provided (sufficient) information on resource consumption.
Sustainable sourcing as a subject has not been addressed by many companies, either due to
lack of understanding or due to lack of initiatives. There’s a need to define what sustainable
sourcing entails.
Many companies seem to treat impact assessments by external agencies at par with
internal feedback mechanisms.
Companies have avoided information about joint ventures and subsidiaries, therefore
weaken the significance of the report.
357.05
261.58
170.59
123.27
116.55
99.14
82.34
80.08
79.53
73.16
Reliance Industries
Oil and Natural Gas Corporation
Tata Steel
State Bank of India
ICICI Bank
Jindal Steel & Power
ITC
Indian Oil Corporation
NTPC
Larsen & Toubro
Amount in INR Crore
13. 12
ANNEXURE
Table 1. Companies and their current and potential CSR spending
Company Name
CSR Spending in FY
12- 13
2% of Average PAT of
FY 10, 11 and 12
CSR spending estimate
in FY 13-14
2% of PAT of FY 11,
12 and 13
INR Crore
Reliance Industries 357.05 377.07 408.86
Oil And Natural Gas
Corporation
261.58 405.42 433.15
Tata Consultancy Services 65.21 161.09 208.88
ITC 82.34 101.41 123.79
NTPC 79.53 180.35 206.29
State Bank of India 123.27 194.25 227.18
Bharti Airtel 29.56 152.48 123.61
HDFC Bank 39.01 80.27 105.46
Wipro 14.13 93.29 101.19
ICICI Bank 116.55 104.27 132.94
Hindustan Unilever 69.09 47.99 58.61
Larsen & Toubro 73.16 85.26 88.82
MMTC 2.10 2.71 0.80
Tata Motors 19.14 35.29 22.36
Indian Oil Corporation 80.08 144.13 109.36
Cairn India 20.50 NA* 79.25
Bharat Heavy Electricals 63.00 115.75 131.11
Sun Pharmaceutical
Industries
4.55 28.01 25.25
Jindal Steel & Power 99.14 37.69 38.44
Power Grid Corporation Of
India
21.75 53.27 67.90
Bajaj Auto 51.73 53.63 62.57
GAIL (India) 64.65 69.03 74.91
Axis Bank 42.42 67.63 85.39
Tata Steel 170.59 124.05 124.15
Nestle India 24.54 16.29 18.97
Mahindra & Mahindra 33.52 50.85 59.28
14. 13
Ultratech Cement 43.40 32.95 43.37
Hero Motocorp 1.27 43.58 42.83
Kotak Mahindra Bank 4.08 16.43 21.76
Maruti Suzuki India 18.90 42.80 42.10
Steel Authority of India 32.55 101.33 70.77
Adani Enterprises 15.57 5.89 7.66
DLF 6.81 20.50 18.74
Reliance Power 10.70 5.71 7.32
Bank of Baroda 7.17 82.03 91.51
Asian Paints (India) 0.98 16.71 18.55
Oil India 41.28 59.63 66.15
Dr. Reddy'S Laboratories 16.82 17.67 20.47
Punjab National Bank 3.32 88.15 93.76
Ambuja Cements 39.82 24.73 25.25
Bosch 5.75 17.13 19.59
Adani Ports & SEZ 25.78 19.09 26.11
ACC 25.60 27.01 23.37
Bharat Petroleum
Corporation
17.88 29.30 36.66
Hindalco Industries 29.79 41.93 40.49
Hindustan Copper 5.11 4.68 6.01
Cipla 7.65 21.10 23.94
Power Finance Corporation 22.10 57.88 67.13
NHPC 15.73 46.85 48.57
Grasim Industries 25.30 29.67 23.89
Tata Power 7.88 20.38 20.89
Lupin 9.32 15.08 19.15
Oracle Financial Services
Software
0.00 18.11 20.57
Canara Bank 11.20 68.87 67.87
IDFC 31.21 25.65 31.15
Titan Industries 2.97 8.53 11.70
Ranbaxy Laboratories 4.26 NA* NA*
Bank of India 1.10 46.04 52.76
Glaxosmithkline
Pharmaceuticals
3.69 10.37 10.47
15. 14
ABB 2.74 4.01 2.56
Jaiprakash Associates 28.81 26.01 17.96
Reliance Communications 2.62 NA* 0.15
Sesa Goa 22.59 63.65 61.32
Godrej Consumer Products 3.07 8.58 10.33
Jsw Steel 24.85 37.72 36.25
Cadila Healthcare 7.98 11.80 11.77
Reliance Infrastructure 6.40 28.21 33.86
Colgate-Palmolive (India) 9.92 8.47 8.96
Indusind Bank 9.12 11.53 16.27
Adani Power 6.50 2.66 NA*
Neyveli Lignite Corporation 14.59 26.37 27.79
United Breweries 1.72 2.47 2.97
National Aluminium Company 30.99 18.22 16.75
Cummins India 7.00 10.84 12.97
Shriram Transport Finance
Company
5.58 22.39 25.64
Yes Bank 6.50 14.54 20.03
Exide Industries 1.25 11.09 10.99
Petronet LNG 3.68 13.87 18.83
LIC Housing Finance 13.89 17.00 19.41
Zee Entertainment
Enterprises
1.41 10.83 11.37
Union Bank of India 0.76 39.61 40.17
Container Corporation Of
India
4.38 16.93 17.95
Bharat Electronics 4.21 16.08 17.21
Glaxosmithkline Consumer
Healthcare
0.01 5.92 7.27
TOTAL 2723.75 4276.07 4687.86
* Losses in previous years
16. 15
Established as a not-for-profit organization in 1995, Partners in Change (PiC) has been
pioneering the understanding and practice of corporate responsibility issues in India,
whilst simultaneously promoting cross-sector partnerships as a tool to overcome complex
development challenges. Partners in Change works with companies, NGOs, business
associations and governments for promoting the practice of corporate social responsibility
for the all-round sustainable development of the society. We have been Drafting Committee
member for the ‘National Voluntary Guidelines (NVGs) on Social, Environmental and
Economic Responsibilities of Businesses’ under Ministry of Corporate Affairs. We were a
Steering Committee member for the Planning Commission's report on the Voluntary
Sector for the Eleventh Five Year Plan. We have been instrumental in designing the
Workplace Code of Conduct with Bureau of Indian Standards(BIS) – GoI.
PiC’s core strength lies in helping companies to devise CSR strategy, identify
implementation partners, undertake need assessment, stakeholder mapping and
impact assessment. PiC has been helping many national and international NGOs to
establish CSR partnerships in India.
Contact
Sunanda Poduwal Bhomik Shah
Sunanda.poduwal@projects.picindia.org Bhomik.shah@picindia.org
+91-9971593423 +91-8860179180
C - 75, South Extension – Part II, New Delhi - 110049 (India)
Tel: +91 11 41642348-51; Fax: +91 11 41642995
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