CSR-Show cause notices issued to 1018 companies for 2014-15 for violation of Section 135,134(3) (o) of the Companies Act 2013
Ministry of Corporate Affairs
PIB Press Release dated 10-March, 2017
CSR by companies
Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 read with Section 134(3) (o) of the Companies Act, 2013.
The year 2014-15 was the first year of Implementation of CSR by companies under the companies Act, 2013. Assessment of CSR expenditure of 7334 companies for the year 2014-15 and 5097 companies for the year 2015-16 summarises the following:-
CSR Expenditure during 2014-15 and 2015-16
| Sl. No. | Company Type | Financial Year 2014-15 | Financial Year 2015-16 | ||
| No. of companies for which data has been compiled | Actual CSR expenditure (in Rs. Crore) | No. of companies for which data has been compiled | Actual CSR expenditure ( in Rs. Crore) | ||
| 1. | PSUs | 226 | 2497 | 172 | 3360 |
| 2. | Private Sector Companies | 7108 | 6306 | 4925 | 6462 |
| Total | 7334 | 8803 | 5097 | 9822 | |
Various workshops / seminars / conferences are organised by Government for facilitating effective implementation of CSR provision of the Act by companies and professionals.
This was stated by Shri Arjun Ram Meghwal, Minister of State for Corporate Affairs in written reply to a question in Lok Sabha today.
ICSI launches CS Mitr Scheme to give incentive for getting student registered in Executive Programme ICSI has launched CS Mitr…
CPC order u/s 143(1) is appealable and hence the doctrine of merger with order u/s 143(3) do not arise -…
Under GST Act, there is no specific provision which bounds selling dealer to disclose route to be taken during transportation…
Restrictions on use of words Nidhi Limited unless declared as such under section 406(1). Nidhi (Amendment) Rules 2024 MINISTRY OF…
MCA prescribes period and fee for updating of Directors personal mobile number or email address by e-form DIR-3 KYC MINISTRY…
Integrated Services from NIC-IRP e-invoice-1 and e-invoice-2 Portals GSTN has informed that NIC is releasing the integrated services from e-invoice-1…