“DESH HME DETA HAI SB HUM BHI TOH KUCH DENA SIKHE”

AT the end of our lives, we will not be judged by how many diplomas we have received ,how much money we have made or how many great things we have done.We will be judged by “ I was hungry and you gave me to eat. I was naked and you clothed me. I was homeless and you took me in.”

Defining

Mandatory CSR Spend under the Companies Act, 2013

The New Companies Bill, 2013 passed by Lok Sabha

The Bill passed by Rajya Sabha

Presidential Assent on the Bill Obtained

December, 2012 August,2012 August,2013

Applicable w.e.f 1st April, 2014

Applicability of Corporate Social Responsibility

NET WORTH =500 crore

or more

NET PROFIT =5 crore or more

TURNOVER =1000 crore or

more

CSR COMMITTEE

•Three or more directors with at least one independent director. •Formulate and recommend a CSR policy to the board .•Recommend activities and the amount of expenditure to be incurred .•Monitor the CSR policy from time to time .

Role of the board

• Form a CSR committee • Approve the CSR policy • Ensure implementation of

the activities under CSR • Ensure 2% spend • Disclose reasons for not

spending the amount (if applicable)

Activities Covered under CSR

Eradicating Hunger

Promotion of Education

Gender Inequality andEmpowering women

Reducing Child mortality and improving maternal health

Combating human immunodeficiency virus, other diseases.

Ensuring Environmental Sustainability

Employment enhancing vocational skills

Social Business Projects

Contribution to the Prime Ministers Relief Fund

Such other matters as may be prescribed

Activities not covered under CSR

The CSR projects or programs or activities undertaken in India only shall amount to CSR expenditure 

Contribution to political party either directly or indirectly shall not be considered as CSR activity 

The projects or programs or activities that benefit only the employees and families shall not be considered as CSR activities.

If a company gives its own products for charity then it can not be counted as CSR activities.

Conclusion

 ”Goodness is the only investment that never fails”

– Henry David Thoreau