Tag: Corporate Social Responsibility
-
CSR Provisions in Operation
[Posted by Umakanth Varottil] In the latest NSE quarterly briefing titled “Statutory CSR Under the Companies Act – Stylized Facts and the Way Forward”, Professor Subrata Sarkar examines the manner in which companies have complied with the provisions relating to corporate social responsibility (CSR) under the Companies Act, 2013. An executive summary of the briefing…
-
Calls for Socially Responsible Investing
[Posted by Umakanth Varottil] The concept of socially responsible investing (SRI) suggests that investors would invest in companies that are acting in socially and environmentally responsible ways, and that such investors would exit from investments in businesses that do not comport with environmental, social and governance (ESG) criteria. Such investors maintain a balance between financial…
-
Comparative Paper on Corporate Purpose
[Posted by Umakanth Varottil] Professor Afra Afsharipour has posted on SSRN a paper titled “Redefining Corporate Purpose: An International Perspective”, the abstract of which is as follows: Over the past decade, corporate law in India has begun a reform journey with important implications for not only corporate governance, but also for deeper questions about the…
-
Empirical Analysis of CSR Requirements in India
[Posted by Umakanth Varottil] Professors Dhammika Dharmapala and Vikramaditya Khanna have posted an interesting paper on SSRN that is titled “The Impact of Mandated Corporate Social Responsibility: Evidence from India’s Companies Act of 2013”, the abstract of which is as follows: Firms’ Corporate Social Responsibility (CSR) activity has become the subject of a large literature…
-
Budget 2016 amends FCRA – paves way for CSR by FOCCs
[Posted by Umakanth Varottil] [The following guest post is contributed by Aditi Jhunjhunwala, who is a partner at Vinod Kothari & Co, and can be reached at aditi@vinodkothari.com]. Amongst the various amendments proposed in the Finance Bill, 2016, one such relates to changes to the provisions of the Foreign Contribution (Regulation) Act, 2010 (the Act/FCRA),…
-
Report of the High Level Committee on CSR
[Posted by Umakanth Varottil] [The following guest post is contributed by Suprotik Das, a 4th year law student at the Jindal Global Law School, Sonepat, Haryana.] This post is with regard to the Report of the High Level Committee to suggest measures for improved monitoring of the implementation of Corporate Social Responsibility policies. The Committee has suggested…
-
FCRA: CSR by foreign companies
[Posted by Umakanth Varottil] [The following guest post is contributed by Swati Rampuria at Vinod Kothari & Co. She can be contacted at swati@vinodkothari.com] Introduction The Foreign Contribution (Regulation) Act, 2010 (‘FCRA’), regulates the receipt and utilization of foreign contribution by certain persons and also disallows acceptance and utilization of foreign contribution for certain activities.…
-
Is provisioning a necessary precursor to CSR spending?
[Posted by Umakanth Varottil] Normal 0 false false false EN-US JA X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”;} [The following post is contributed by Prachi Narayan and Swati Rampuria at Vinod Kothari & Co. They can be contacted…
-
Committee to Suggest Monitoring Measures for CSR
[Posted by Umakanth Varottil] Readers will recall the debates in the lead up to the Companies Act, 2013 as to whether the provisions relating to corporate social responsibility (CSR) ought to be mandatory or voluntary. Finally, a compromise position was arrived at that largely amounts to a “comply-or-explain” approach. Since the CSR provision (section 135)…
-
CSR in Government Companies
[Posted by Umakanth Varottil] The concept of corporate social responsibility (CSR) has acquired tremendous prominence in India since the enactment of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (the CSR Rules). They are applicable to large companies, whether or not they are listed on the stock exchange. Now, the…