The Ministry of Corporate Affairs enforced the Companies Act, 2013 "Act" and the Companies (Corporate Social Responsibility Policy) Rules "CSR Rules" from 1 April 2014. As per India's CSR reporting survey 2016, top 100 companies have spent more on CSR in 2016.
The Ministry of Corporate Affairs enforced the Companies Act, 2013 "Act"
and the Companies (Corporate Social Responsibility Policy) Rules "CSR
Rules" from 1 April 2014. By doing so, India has become one of the first
country to have a legal requirement to comply with CSR Rules.
KPMG in India released its report ‘India’s CSR reporting survey 2015’ last year. It was one of the first analyses conducted on the CSR reporting of the top 100 listed companies as per market capital on the National Stock Exchange (N100). It is now the third year since the introduction of Companies Act 2013 and notification of Section 135. Since India was one of the first countries across the world to mandate Corporate Social Responsibility (CSR), there is a growing interest among various stakeholders to see how the scenario is progressing.
The ‘India’s CSR reporting survey 2016’ builds on the strengths of our previous report and showcases new insights emerging in the second year with respect to CSR Committee, CSR Policy, and Annual Report on CSR in the Director’s Report of the companies. This report also gives an opportunity to compare with our analysis of the previous year and showcase the progress made.
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