2014-12-03

Govt plans to set up a panel to assess CSR work

Certain class of profitable entities are required to spend two per cent of their three-year annual average net profit towards CSR activities.

Govt plans to set up a panel to assess CSR work

The Union government plans to constitute a high level committee to suggest measures for proper assessment of corporate social responsibility initiatives taken by companies, says a PTI report.

Under the new companies law, certain class of profitable entities are required to shell out at least two per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities.

"Government has taken a decision, in principle, to constitute a high level committee to suggest measures for proper assessment and progress of CSR initiatives by companies including government companies," Corporate Affairs Minister Arun Jaitley informed the Rajya Sabha today.

The terms of reference and composition of the proposed committee are being finalised, he said in a written reply.

He was responding to a query on whether the government is considering having a regulatory and monitoring authority to regulate and monitor CSR activities taken up by companies.

The Corporate Affairs Ministry has issued necessary clarifications from time to time to facilitate implementation of CSR by companies, Jaitley added further.

Related opportunities
  • Corporate Training
    Walchand PeopleFirst Ltd (WPFL) is the India Master Franchise for..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2003
    Investment size Rs. 10lakh - 20lakh
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Be a part of the multi-billion education sector and start..
    Locations looking for expansion Andhra pradesh
    Establishment year 2008
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • VDG Infotec Pvt Ltd, Junior Delhi School is a chain..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lakh - 20lakh
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • For 37 years “MARIAs Hair Dressing & Beauty Salon” has..
    Locations looking for expansion Maharashtra
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 20lakh - 30lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads