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Articles for Csr Activities

RoC Pune Imposes ₹5.03 Lakh Penalty On Clairvoyant India Pvt. Ltd. For Failing To Constitute CSR Committee
3 months, 3 weeks ago

RoC Pune Imposes ₹5.03 Lakh Penalty On Clairvoyant India Pvt. Ltd. For Failing To Constitute CSR Committee

Live Law  

The Registrar of Companies, Pune has imposed a penalty of ₹5.03 lakh on Clairvoyant India Private Limited and its directors for failing to constitute a Corporate Social Responsibility Committee, despite the company's net profit exceeding the threshold specified under Section 135 of the Companies Act, 2013. According to Section 135, companies with a net profit exceeding ₹5 crore in the …

Financial Penalty Companies Company Spend Directors Net
Failure To Contribute CSR Fund: Registrar of Companies Imposes Rs. 1.06 Crore Penalty On Ganesh Green Bharat Limited And Its Director
5 months, 1 week ago

Failure To Contribute CSR Fund: Registrar of Companies Imposes Rs. 1.06 Crore Penalty On Ganesh Green Bharat Limited And Its Director

Live Law  

The Registrar of Companies, Ahmedabad has imposed a penalty of Rs. 1.06 Crore on Ganesh Green Bharat Limited and its director failing to contribute Corporate Social Responsibility funds during the financial years 2021-22 and 2022-23. Section 135 of the Companies Act, 2013 mandates that every company meeting certain financial thresholds must spend at least two percent of its average net …

Financial Companies Company Fund Act Roc Csr Activities
Coimbatore Corporation schools enhance extracurricular activities with CSR support
6 months ago

Coimbatore Corporation schools enhance extracurricular activities with CSR support

The Hindu  

In recent years, several Corporation-run schools in Coimbatore city have adopted a new trend: proactive staff collaborating with private companies to secure funds for improving school equipment and facilities. At R. S. Puram Corporation Higher Secondary School and several other institutions, teachers and staff have taken steps to secure funds for play equipment, training for the National Means Cum-Merit Scholarship …

Students School Student Schools Coimbatore Corporation
DU’s not-for-profit firm is all set to promote innovation in varsity
2 years, 4 months ago

DU’s not-for-profit firm is all set to promote innovation in varsity

Live Mint  

In a bid to bolster innovation and boost new startups, the Delhi University has set up a not-for-profit company and is working to establish another Section 8 firm, reported news agency PTI. The Section 8 firm, which is expected to help in bringing funds for the company, is in its final stage of formation, said Delhi University's Vice Chancellor Yogesh …

University Delhi University Loan Company Firm Section 8 Csr Activities
CENVAT Credit Cannot Be Claimed On Expenses Incurred On CSR: Delhi CESTAT
2 years, 6 months ago

CENVAT Credit Cannot Be Claimed On Expenses Incurred On CSR: Delhi CESTAT

Live Law  

The Delhi Bench of Customs, Excise & Service Tax Appellate Tribunal has held that expenses incurred by a person on activities related to its Corporate Social Responsibility cannot be termed as input services and thus, CENVAT Credit cannot be claimed on it. The appellant averred that the services availed by it in respect of its CSR activities qualified as an …

Activities Services Credit Service Output Appellant Csr
CSR activities log 64% dip in 2020-21; private sector improves
2 years, 10 months ago

CSR activities log 64% dip in 2020-21; private sector improves

Hindustan Times  

Social spending by companies mandated by law plunged by a sharp 64.24% in the pandemic year of 2020-21, official data showed, as contributions towards corporate social responsibility slumped to ₹8,828 crore compared to ₹24,689 crore spent in the preceding financial year. “It may possible that the numbers could be revised later as some companies may file details of their CSR …

Activities Financial Companies Crore Pti Csr Activities Csr
PSUs, private entities not spending 2% of profit in CSR activities in Assam: assembly panel
3 years, 4 months ago

PSUs, private entities not spending 2% of profit in CSR activities in Assam: assembly panel

The Hindu  

Big PSUs, including Oil India, Oil and Natural Gas Corporation, Indian Oil Corporation and Coal India, and private sector entities are not spending the mandatory 2% of their annual profits on corporate social responsibility activities in Assam, despite having their production units in the State, an assembly committee has observed. the private sector industries and the PSUs such as OIL, …

Oil Profit State Units Sector Private Ioc