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13/09/2025
SEBI eases norms for foreign investors, IPOs
11/09/2025
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10/09/2025
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08/09/2025
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03/09/2025
Recommendations of the 56th Meeting of the GST Council held at New Delhi
GST Council approves two-tier tax structure of 5% and 18%
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06/09/2025
Returns – Department of Payment and Settlement Systems – Submission in CIMS
26/08/2025
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 05 Entries
16/08/2025
Reserve Bank of India (Know Your Customer (KYC)) (2nd Amendment) Directions, 2025
Compliance with Hon’ble Supreme Court Order dated April 30, 2025 in the matter of Pragya Prasun and Ors. vs Union of India (W.P.(C) 289 of 2024) and Amar Jain vs Union of India & Ors. (W.P.(C) 49 of 2025)
14/08/2025
Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System
Investment in Government Securities by Persons Resident Outside India through Special Rupee Vostro account
06/08/2025
Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025
Reserve Bank of India (Co-Lending Arrangements) Directions, 2025
International Trade Settlement in Indian Rupees (INR)
Article Details
CSR Requirements as per Companies Act, 2013
As you are aware, for the first time in the world, India as a country introduced a statutory requirement for the corporate sector to discharge their social responsibility, through the Companies Act, 2013. The mandate became effective from April 1, 2014. Thus the previous financial year 2014-15 was the first year of operation of mandatory CSR norms. With this first CSR-Alert we attempt to disseminate the provisions of the CSR norms to assist you in compliance of the same. 
The corporate social responsibility (CSR) spending is applicable to following categories of companies:
a.    Companies with net worth of Rs. 500 crore or more;
b.    Companies having a turnover of Rs. 1,000 crore or more;
c.    Companies having a net profit of Rs. 5 crore or more.
The government has set out specific guidelines on how CSR activities should be handled, which are:
·         The CSR activities need to be implemented by a CSR Committee which should have an independent director.
·         The committee will be responsible for preparing a detailed plan on CSR activities, including the expenditure, the type of activities, roles and responsibilities of various stakeholders and amonitoring mechanism for such activities.
·         The Board of the company will approve the CSR policy as recommended for the company.
·         The Board to disclose the CSR policy contents in their reportand publish the details on the company's official website.
·         The company should spend 2 % of their Net Profits of the fiscal year on CSR initiatives as per the policy.
·         In case the company fails to spend the prescribed amount, the board in its report is required to specify the reasons for the failure.