CSR
CSR rules amended to widen canvas for India Inc
New Delhi. The Centre has broad-based the entities available for carrying out corporate social responsibility (CSR) activities.
India Inc can now get CSR implemented through a foundation or trust or society set up by the Centre, State government or any entity established under the Act of Parliament or State legislature.
This could be done without having to worry about existence of three year track record in undertaking similar projects or programmes.
“We have widened the canvas for corporates. They need not bother about floating their own foundations or trusts or society for undertaking CSR. They can now use the vehicles set up by the Central, State governments or entities set up by an Act of Parliament or State legislatures to carry out CSR,” a senior corporate affairs ministry (MCA) official said.
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