The total expenditure on Corporate Social Responsibility (CSR) for the year 2015-16, as per filings made by companies in the MCA21 registry till 31.03.2017 is Rs. 13,625.25 crores. Of this amount, Rs. 4,091 crores has been reported as spent in local areas. The latter figure does not include expenditure which has been reported in an aggregated manner on an ‘all India’ basis. The statutory audit of a Company under Chapter X of the Companies Act, 2013 covers the audit of the expenditure incurred by the Companies on CSR activities.                                                                                                    

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

 

DSM/SBS/KMN

(Release ID: 1515706) Visitor Counter : 606