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Strengthening the CSR framework is a profitable idea

  • Published
    7th Oct, 2022


Since the establishment of the Corporate Social Responsibility (CSR) regime in India under Section 135 of the Companies Act 2013, the CSR spending has risen from in 2020-21. However, the CSR spending is not in sync with the profits made by Indian and foreign companies.

The Estimates:

  • Criteria for CSR spending: Besides, there were 2,926 companies in 2020-21 with zero spend on CSR while companies spending less than the prescribed limit of 2% rose from 3,078 in 2015-16 to 3,290 in 2020-21.
  • Transferable in nature: If a company spends an amount in excess of the minimum 2%, as stipulated, the excess amount is liable to be set off against spending in the succeeding three financial years.
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