User Rating: 0 / 5

Star inactiveStar inactiveStar inactiveStar inactiveStar inactive

India Inc may have to shell out about Rs 10,000 crore in the next financial year towards corporate social responsibility (CSR), if the proposed Companies Bill 2012 were to get enacted into law.

Indications are that the CSR provisions in the proposed Bill will be operationalised from April 1. The Companies Bill 2012, which seeks to replace the Companies Act 1956, was passed by the Lok Sabha during the Winter Session. The Rajya Sabha is expected to take up the Bill for passage in the early part of Budget Session in February.

Read more: CSR Spending: India Inc May Have to Spend Rs 10,000 cr Next Fiscal