(a) whether the total expenditure reported by the companies on sports related activities as part of Corporate Social Responsibility (CSR) for the years 2014-15 and 2015-16, is Rs.53.34 crore and Rs.133.39 crore respectively and if so, the details thereof, State/UT-wise including District Satna of Madhya Pradesh; and
(b) the details of contributions made by companies under CSR funds for the development and promotion of sports in the financial years of 2016-17 and 2017-18, company-wise?
MINISTER OF STATE FOR LAW AND JUSTICE
AND CORPORATE AFFAIRS (SHRI P. P. CHAUDHARY)
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(a) : As per the data culled out from filings made by companies upto 30.11.2017 in the MCA21 registry for the years 2014-15 and 2015-16, the expenditure made on Corporate Social Responsibility (CSR) by such companies captured under the head ‘encouraging sports’ under Schedule VII of the Companies Act, 2013 (the ‘Act’) is Rs. 53.36 crores and Rs. 134.76 crores respectively. The States/UTs-wise CSR expenditure on encouraging sports for the years 2014-15 and 2015-16 is at Annexure, which includes the amount spent in the state of Madhya Pradesh. No amount has been spent on sports in district Satna of Madhya Pradesh for the year 2014-15; for the year 2015-16 the amount spent is Rs. 7.99 lakh.
(b): The contribution made by companies for the development and promotion of sports under Schedule VII of the Act for the financial year 2016-17 (as per filings made upto 30.11.2017) is Rs. 51.73 crores. The annual financial statement of companies for the year 2017-18 are not yet due for filing.
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