Activities by Companies Under CSR

By | February 26, 2016
(Last Updated On: February 26, 2016)

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 TypeNo. of companiesActual CSR expenditure (in Rs. Crore) (2014-15)
1.PSUs512386.60
2.Private  Sector Companies4093950.76
           Total4606337.36

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 COMPANYActual CSR Expenditure
1RELIANCE INDUSTRIES LIMITED760.58
2OIL AND NATURAL GAS CORPORATION LIMITED495.23
3INFOSYS LIMITED239.54
4TATA CONSULTANCY SERVICES LIMITED219.00
5ITC LIMITED214.06
6NTPC LIMITED205.18
7NMDC LIMITED188.65
8TATA STEEL LIMITED171.46
9OIL INDIA LIMITED133.31
10WIPRO LIMITED132.70
11INDIAN OIL CORPN. LIMITED113.79
12BHARAT HEAVY ELECTRICALS LIMITED102.06
13MAHINDRA AND MAHINDRA LIMITED83.24
14HINDUSTAN UNILEVER LIMITED82.35
15LARSEN AND TOUBRO LIMITED76.54
16GAIL (INDIA) LIMITED71.69
17CAIRN INDIA LIMITED70.36
18NORTHERN COALFIELDS LIMITED61.77
19MAHANADI COALFIELDS LIMITED61.30
20HINDUSTAN ZINC LIMITED59.28
 GRAND TOTAL3542.09

                                                                   *******

                                                                                                            Annexure – II 

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

Sl. No.StatesNo. of ProjectsSl. No.StatesNo. of Projects
1Maharashtra20219Jharkhand41
2Gujarat11120Bihar38
3Tamil Nadu9721Kerela37
4Karnataka9522Himachal Pradesh34
5Rajasthan8923Goa23
6Uttar Pradesh8024Manipur23
7Andhra Pradesh7925Arunachal Pradesh22
8West Bengal7926Chandigarh21
9Madhya Pradesh7127Meghalaya20
10Delhi6628Sikkim20
11Haryana6629Tripura20
12Orissa5430Nagaland19
13Jammu & Kashmir5231Pondicherry19
14Chattisgarh4832Andaman & Nicobar Islands18
15Telangana4733Dadar & Nagar Haveli18
16Uttarakhand4734Daman & Diu17
17Punjab4335Lakshadweep17
18Assam4236Mizoram15
    Total1790

          Annexure – III

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

Development Sector wise CSR expenditure (FY 2014-15)

Sl. NoSubjects in Schedule VIICSR Expenditure  (in Rs. Crore)
1Eradicating Hunger, Poverty & Health Care1421.66
2Education/ Vocational skills / livelihood enhancement1462.6
3Women / Old Age / Children219.27
4Environment sustainability1188.69
5Art & Culture539.83
6Sports promotion454.91
7PMNRF etc.125.32
8Rural Development724.32
9Slum Development114.14
10Swatch Bharat Kosh42.64
11Clean Ganga Fund15.49
12Others28.5
 Grand Total6337.36
  
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