Government seeks CSR spending information

NEW DELHI: Finding discrepancies in CSR spending data, the government has asked all eligible companies to furnish details about social welfare activities undertaken by them under the companies law.
 
While the Corporate Social Responsibility (CSR) regulations came into force from April 1, 2014, a clear picture of how much money has actually been spent during the first year of implementation -- 2014-15 -- is yet to emerge. 
Sources said the Corporate Affairs Ministry has asked companies to submit details about utilisation of CSR funds after noticing discrepancies in the data submitted by many of them in their statutory filings.
In this regard, the Registrar of Companies (RoC) has sought information on CSR works from the firms.

  • news link: http://economictimes.indiatimes.com/news/company/corporate-trends/government-seeks-csr-spending-information-under-companies-law/articleshow/52488576.cms

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