(Companies Act 2013)
By
Sibani Swain
Economic Advisor
Ministry Of Corporate Affairs

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Corporate Social Responsibility is the
continuing commitment by business to
behave ethically and contribute to
economic development while improving
the quality of life of the workforce and
their families as well as of the local
community and society at large”
Lord
Holme and Richard Watts

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Eradicating extreme hunger & poverty
Promotion of education
Promoting gender equality and empowering women
Reducing child mortality and improving maternal health
Combating human immunodeficiency virus, acquired immune
deficiency syndrome, malaria and other diseases
Ensuring environment sustainability
Employment enhancing vocational skills
Social business projects
Contributions to Prime Minister Fund or any other fund set up by the Central Government or the State Governments for socioeconomic development and relief and funds for the welfare of the Scheduled Caste and Schedule Tribe

such other matters as may be prescribed

 Thrust

is on Women’s participation in Electoral Process

 Activities

included in schedule VII of the Act covers

‘Gender equality and Women’s empowerment’
 Corporates

are free to formulate CSR policy including

projects/programme to be undertaken, amount to be spent,
community/geographical area to be covered etc.
 The

Act provides that the company shall give preference to

the l...

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