Incorporation of the Corporate Social Responsibility Provision in the New Companies Bill

Last updated: 11 December 2012

Clause 135 of the Companies Bill, 2011 inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the companys Corporate Social Responsibilities (CSR) policy and in case of failure, to specify the reasons for not spending such amount in the Boards Report. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that in case the disclosure abo
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