The new concept of Corporate Social Responsibility (CSR) has been introduced by the Ministry of Corporate Affairs under the Companies Act, 2013 and Companies (Corporate Social Responsibility) Rules, 2014. India is the first country in the world to introduce statutory Corporate Social Responsibility (CSR) through the new Companies Act, 2013. Before enactment of the Companies Act, 2013 CSR is at the discretion of the corporate however later such expenditure was made mandatory for certain corporations. CSR is extremely important for the sustainable development of all stakeholders (people, on whom the business has an impact, including the society at large).
Several Indian companies have been implementing Corporate Social Responsibility (CSR) programmes, either on their own, through a dedicated non-profit arm or by funding a few of their NGO partners. The Companies Act (2013) and the revised CSR rules, take this agenda of CSR further and makes it a compliance and board-level issue. Thereby facilitating increased and conscious social spending.
Our CSR Compliance team provides advice on every matter of CSR and help clients prepare, implement and monitor a cohesive CSR policy. This policy is not only compliant with section 135 of the Act but also need-based, strategic, integrated with the value chains, and geared towards business responsibility reporting. Based on our experience and research, we can offer significant value to our clients at all stages of the CSR lifecycle. With customized services for planning, assessment, implementation, evaluation, etc.
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