Category Archives: CSR

Corporaate Social Responsbility

Impact of changes in Definition of CSR Companies

Dear Members, In terms of the recent amendment to FCRA under the Finance Act, 2016, Indian companies with more than 50% foreign shareholding will no more be considered a foreign source under the FCRA provided that the the nominal value … Continue reading

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Backward Integration – Is it really CSR?

Dear All, Over a million hectare of Tribal lands are in virtual occupation of ITC in Andhra Pradesh, Telangana and elsewhere. They are doing this under CSR ? This backward integration is part of business and is being pushed under … Continue reading

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Feedback Report of Workshop – Responsible CSO Boards of the Future

Feedback Report of Workshop Responsible CSO Boards of the Future [Saturday, 19th March 2016, India International Centre (Annexe), New Delhi – 110003] Dear Friends with a special Hello to all the Participants who attended the workshop. We thank all the … Continue reading

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Does CSR comes under RTI Act?

Dear Sir, Good Morning. Does CSR comes under RTI Act ? Regards Sanjay Kishore Vaishnav Accounts Officer Ambuja Cement Foundation Opposite Railway Station, Marwar Mundwa – 341026 District – Nagaur (Rajasthan)

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Does the allocated fund to CSR lapses in case the organization could not spend in the year.

Dear Members, Does the allocated fund to CSR lapses in case the organization could not spend in the year. If no than, can it be used for next year. Under which Government order this is clarified? Looking forward to your … Continue reading

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Is Repair and renovation of house allotted to an senior employee from CSR fund valid?

Dear Sir, Is Repair and renovation of house allotted to an senior employee from CSR fund  valid ?  Should we treat  it as CSR project cost or to be treated as Admin Cost of that  particular CSR donor. As per … Continue reading

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Admin Expenses under CSR

Dear Sir, We have a query from a Corporate partner on whether they can pay a registered charity organisation, its 10 per cent administration fees to run the projects, because the recent CSR bill caps administration expenses to 5 per … Continue reading

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Clarifications provided by Government regarding CSR

Recently Ministry of Corporate Affairs has issued a circular further clarifying the scope of CSR activities. It states that Schedule VII is to be interpreted liberally so as to capture the essence of services included in Schedule VII. The circular … Continue reading

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Interpretation of Clauses of the CSR Schedule

In regards to interpretation of clauses, if the schedule dealing with CSR – the words cannot be construed to have a narrow meaning. How does an accountant deal with this while he ought to make sure that a CSR head … Continue reading

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Brand Building through CSR – Is it desirable?

Friends, Often there is a debate, particularly amongst the civil society players, whether it is right for corporates to use CSR for brand building. While corporates and policy makers do not see anything wrong in it. Infact some even talk … Continue reading

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