Social And Corporate Events Laws
                     Social And Corporate 
Events Laws
 
Introduction
CSR in India is an aftereffect of the 
2013, Companies Act. 
India is one of the only nations to 
have a devoted CSR act. 
Truth be told, it is the first to have 
achieved an enactment to actualize 
CSR exercises, trailed by United 
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Kingdom
1. Applicability
On each Company including its holding 
or auxiliary having: 
The total assets of Rs. 500 Crores or 
more, or 
Turnover of Rs. 1000 crores or more, or 
Net Profit of Rs. 5 crores or more 
An outside organization having its branch 
office or venture office in India, which 
satisfies the criteria indicated previously
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2. CSR Committee
Every Company on which CSR is 
applicable is required to constitute a 
CSR Committee of the Board:
1. Consisting of 3 or more directors
2. Consisting of 2 directors in case 
of a private company having only 
two directors on its Board
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3. CSR Policy
This includes:
1. List of projects/ programs and their 
implementation time
2. Monitoring
3. A proviso mentioning that the surplus 
of the CSR ventures will not shape 
some portion of the business benefit of 
the organization.
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4. CSR Activities 
The CSR exercises will be attempted 
by the organization, according to its 
CSR Policy, barring exercises 
embraced incompatibility of its 
typical course of business.
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5. Not to do 
The CSR tasks or projects or exercises 
not to be considered as CSR Activities: 
1. Costs to support just the 
representatives of the organization 
and their families 
2. Commitment of any sum 
straightforwardly or in a roundabout 
way to any ideological group
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6. Display of CSR Activities
The BoD will uncover substance of 
CSR strategy in its report and the 
equivalent will be shown on the 
organization's site, assuming any.
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6. Schedule 7
The Activities which may be included in 
CSR:
1. Eradicating hunger, poverty
2. Health care and sanitation
3. Promoting education
4. Promoting gender equality
5. Ensuring environmental sustainability
6. Contribution to the Prime Minister’s 
national relief fund
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