(a) the details of the amount spent by various corporate companies including PSU/ PSE’s under Corporate Social Responsibility (CSR) during the last three years and the current year;
(b) whether the Government has taken cognizance that several companies have set up Non-Governmental Organisations (NGOs) to spend the amount under CSR and are misusing the scheme;
(c) if so, the details thereof; and
(d) the steps taken by the Government in this regard?
THE MINISTER OF FINANCE
AND CORPORATE AFFAIRS (Smt. NIRMALA SITHARAMAN)
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(a): As per the data obtained from the filings made by the companies in the MCA 21 registry, the details of the amount spent by the companies including PSU/PSEs under Corporate Social Responsibility (CSR) for the financial years 2015-16, 2016-17 and 2017-18 are given below:
Year of Filing FY 2015-16 FY 2016-17 FY 2017-18*
No. of Companies Total Amount Spent
(in Cr.) No. of Companies Total Amount Spent
(in Cr.) No. of Companies Total Amount Spent
(in Cr.)
PSU 461 4202 407 3286 76 1479
Non PSU 21603 10325 21063 10957 3041 6886
Grand Total 22064 14527.59 21470 14242.41 3117 8365.35
*Data up to 20.10.2018
(b) to (d): Section 135 of Companies Act, 2013 read with Rule 4 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 prescribes that the Board of the company is empowered to undertake its CSR activities either itself or through a company established under section 8 of the Act or through a registered society or a registered trust established by the company. Further, the onus lies on the Board of the company to formulate its CSR policy, to monitor and to implement its CSR activities. Whenever, violation of CSR provisions is noticed, action against such non-compliant companies is initiated as per the provisions of the Companies Act, 2013.
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