CSR activities and Tobacco Industry-MCA Clarification. companies under CSR not to contravene any Law including Cigarettes, Tobacco Products Act (COTPA) 2003
MCA has issued clarification on CSR activities and Tobacco Industry. There is an inherent contradiction in corporate social responsibility and tobacco industry. COTPA aims to prohibit advertisement and regulation of tobacco business in India.
This circular is aimed to discourage tobacco industry from earning goodwill through Corporate Social Responsibility (CSR) activities,
No. 05/01/2014-CSR
Government of India
Ministry of Corporate Affairs
5th Floor, ‘A’ Wing,
Shastri Bhawan, Dr. R. P. Marg
New Delhi -110 001
Dated: 16th May, 2016
To,
All Regional Director,
All Registrar of Companies,
All Stakeholders
In continuation to this Ministry’s General Circular 01 of 2016 dated 12.01.2016, it is clarified that companies, while undertaking Corporate Social Responsibility activities under provision of the Companies Act, 2013, shall not contravene any other prevailing laws of the land including Cigarettes and other Tobacco Products Act (COTPA), 2003.
2. This issues with the approval of Competent Auothirty
Yours faithfully,
(Seema Rath)
Dy. Director-CSR-Cell
Tel-01123384657
Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…
Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…
When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…
ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…
Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…
Corporate guarantees executed by the corporate debtor constitute “financial debt” under IBC and banks to be recognized as financial creditors…