Ministry of Corporate Affairs

Sports related CSR expenditure increase to Rs 80.05 crores in FY 2015-16 as compared to FY 2014-15; North-East sports related CSR surges to Rs 103 lakhs in FY 2015-16 as compared to FY 2014-15

Posted On: 02 JAN 2018 8:36PM by PIB Delhi

 

Section 135 of the Companies Act, 2013 commenced with effect from financial year 2014-15. The total expenditure reported by the companies on sports related activities as part of Corporate Social Responsibility (CSR) expenditure for the years 2014-15 and 2015-16, as per the filings made on MCA21 registry upto 31.03.2017, is Rs. 53.34 crore and Rs. 133.39 crore respectively, out of which, amounts of Rs. 5 lakh and Rs. 108 lakhs were reported as spent in the eight North-East states for the years 2014-15 & 2015 -16 respectively.                                                                                                   

This was stated by Shri P.P. Chaudhary, Minister of State for Corporate Affairs in written reply to a question in Rajya Sabha today.

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