Ministry of Corporate Affairs26-February, 2016 17:49 IST
Activities by Companies Under CSR

 

The provisions of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 and rules made thereunder have been notified on 27.02.2014. These notifications are available on the Ministry’s website (www.mca.gov.in). The salient features of CSR provision inter-alia, are as follows:

 

·         companies above the specified threshold of  turnover or net worth or net profit are required to spend at least two per cent of their average net profits earned during three immediately preceding financial years on CSR activities;

·         each such company is required to constitute a CSR committee of the Board;

·         the Board of each such company is required to have the company’s CSR policy formulated and monitor its implementation;

·         the Board's report shall include an annual report on CSR containing particulars specified in prescribed format;

·         the Board’s report shall specify the reasons for not spending the specified amount, if the company fails to spend such amount;

·         companies may implement their CSR Policy through trusts or societies or Section 8 companies etc.;

·         indicative activities which can be undertaken by a company under CSR have been specified in Schedule VII of the Act;

 

CSR expenditure of 460 listed companies, which have placed their annual reports on their website, indicates that 51 Public Sector Undertakings (PSUs) and 409 private sector companies together spent about Rs. 6337 crores on CSR during 2014-15 as summarized below:

 

Sl. No.

Company Type

No. of companies

Actual CSR expenditure (in Rs. Crore) (2014-15)

1.

PSUs

51

2386.60

2.

Private  Sector Companies

409

3950.76

           Total

460

6337.36

 

Of these 460 companies, company-wise CSR expenditure of top 20 companies may be seen at Annexure – I. State /UT-wise number of CSR projects undertaken is at Annexure –II. Information on CSR expenditure on various developmental work by companies is at Annexure- III.

(As per Section 135 (3) & (4) of the Companies Act, 2013 Board of the company is empowered to select programmes / projects / activities to be undertaken and monitor the same. Ministry of Corporate Affairs has no role to play in this regard.

 

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

 

 

 

Annexure – I

 

 

TOP 20 COMPANIES BY ACTUAL CSR SPEND DURING FY 2014-15 (In Rs. Crore)

 

Sl. No.

NAME OF THE COMPANY

Actual CSR Expenditure

1

RELIANCE INDUSTRIES LIMITED

760.58

2

OIL AND NATURAL GAS CORPORATION LIMITED

495.23

3

INFOSYS LIMITED

239.54

4

TATA CONSULTANCY SERVICES LIMITED

219.00

5

ITC LIMITED

214.06

6

NTPC LIMITED

205.18

7

NMDC LIMITED

188.65

8

TATA STEEL LIMITED

171.46

9

OIL INDIA LIMITED

133.31

10

WIPRO LIMITED

132.70

11

INDIAN OIL CORPN. LIMITED

113.79

12

BHARAT HEAVY ELECTRICALS LIMITED

102.06

13

MAHINDRA AND MAHINDRA LIMITED

83.24

14

HINDUSTAN UNILEVER LIMITED

82.35

15

LARSEN AND TOUBRO LIMITED

76.54

16

GAIL (INDIA) LIMITED

71.69

17

CAIRN INDIA LIMITED

70.36

18

NORTHERN COALFIELDS LIMITED

61.77

19

MAHANADI COALFIELDS LIMITED

61.30

20

HINDUSTAN ZINC LIMITED

59.28

 

GRAND TOTAL

3542.09

 

 

                                                                   *******

 

 

                                                                                                           Annexure – II

 

                    State/UT-wise CSR Projects undertaken during FY 2014-15

 

Sl. No.

States

No. of Projects

Sl. No.

States

No. of Projects

1

Maharashtra

202

19

Jharkhand

41

2

Gujarat

111

20

Bihar

38

3

Tamil Nadu

97

21

Kerela

37

4

Karnataka

95

22

Himachal Pradesh

34

5

Rajasthan

89

23

Goa

23

6

Uttar Pradesh

80

24

Manipur

23

7

Andhra Pradesh

79

25

Arunachal Pradesh

22

8

West Bengal

79

26

Chandigarh

21

9

Madhya Pradesh

71

27

Meghalaya

20

10

Delhi

66

28

Sikkim

20

11

Haryana

66

29

Tripura

20

12

Orissa

54

30

Nagaland

19

13

Jammu & Kashmir

52

31

Pondicherry

19

14

Chattisgarh

48

32

Andaman & Nicobar Islands

18

15

Telangana

47

33

Dadar & Nagar Haveli

18

16

Uttarakhand

47

34

Daman & Diu

17

17

Punjab

43

35

Lakshadweep

17

18

Assam

42

36

Mizoram

15

 

 

 

 

Total

1790


 

          Annexure - III

ANNEXURE REFERED TO IN THE REPLY TO LOK SABHA UNSTARRED QUESTION NO. 656

Development Sector wise CSR expenditure (FY 2014-15)

 

 

Sl. No

Subjects in Schedule VII

CSR Expenditure  (in Rs. Crore)

1

Eradicating Hunger, Poverty & Health Care

1421.66

2

Education/ Vocational skills / livelihood enhancement

1462.6

3

Women / Old Age / Children

219.27

4

Environment sustainability

1188.69

5

Art & Culture

539.83

6

Sports promotion

454.91

7

PMNRF etc.

125.32

8

Rural Development

724.32

9

Slum Development

114.14

10

Swatch Bharat Kosh

42.64

11

Clean Ganga Fund

15.49

12

Others

28.5

 

Grand Total

6337.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*****

 

DSM/KA

 


(Release ID :136942)