Staff Reporter
What the CSR Bill under Companies Act 2013 means
What the CSR Bill under Companies Act 2013 means
Recently concluded Monsoon session of Indian parliament saw a spate of bills getting through. One of them was landmark, Companies Bill 2013. This bill has now got presidential assent and has become Companies Act 2013. One of the aims of this bill is to encourage Indian companies to use CSR to integrate economic, environmental and social objectives with their operations and growth. Thus, this bill seeks to actively engage top management by constituting a CSR board committee of 3 or more directors, with at least one of them being an independent.
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