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English Release 1-February 2015
Date Month Year
  • President's Secretariat
  • President of India congratulates Leander Paes for winning the Australian Open Mixed Doubles title
  • Prime Minister's Office
  • PM congratulates Indian Tennis Player, Leander Paes on the Mixed Doubles win at Australian Open
  • PM salutes coast guard personnel on 38th Raising Day of Indian Coast Guard
  • Department of Space
  • Indian Space scientists working on new breakthroughs: Dr. Jitendra Singh
  • Min of Culture
  • The 17th Bharat Rang Mahotsav organized by NSD begins
  • Min of Health and Family Welfare
  • Centre closely monitoring situation on H1N1, all assistance extended to states: Sh J P Nadda
  • Min of Social Justice & Empowerment
  • Raahgiri Day for the Persons with Disabilities Held

Previous Date

 
Ministry of Corporate Affairs30-November, 2012 18:52 IST
Provisions Regarding Corporate Social Responsibility

Clause 135 of the Companies Bill, 2011, inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the company’s Corporate Social Responsibility (CSR) policy and in case of failure, to specify the reasons for not spending such amount in the Board’s Report. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in case the disclosure about such reasons in the Board’s report is not made, the specified class of companies shall be liable for action under the provisions of the Companies Bill, 2011 which require disclosures to be made in the Board’s report. CSR policy to be undertaken by the companies as specified in schedule VII of the Companies Bill, 2011.

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KKP
(Release ID :89791)

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