Learn  more   about   CSR


Our knowledge hub gives you the latest information and news on CSR and the laws governing it.

What is Companies Act 2013?

India is the only country to have made Corporate Social Responsibility for companies with a turnover of over Rs 1,000 crore or having a net worth of Rs 500 crore five hundred crore or a net profit of rupees Rs 5 crore or more.

Such companies are mandated to form a CSR Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director. The Board has to ensure that the company spends, in every financial year, at least two per cent. of the average net profits of the company made during the three immediately preceding financial years.

With the passing of the law, we at CAF India have been instrumental in implementing the law and helping companies pursue their CSR vision.

More details on Ministry of Commerce website

Amendment to Companies Act 2019

The Act amended in 2019, to make it more stringent. Read what the amendment entails.

Click here to read our press release on the amendment

Which causes to choose from for CSR?

The Schedule VII of companies Act lists out thematic areas from which companies can choose from and formulate a CSR strategy around it. 

Eradicating

Eradicating

Eradicating hunger, poverty and malnutrition

Education

Education

Promoting education, including special education and employment enhancing vocation skills 

Reducing Inequalities

Reducing Inequalities

Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes etc. 

Environment

Environment

Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources etc. 

Protection

Protection

Protection of national heritage, art and culture :- including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts etc. 

Benefit

Benefit

Measures for the benefit of armed forces: veterans, war widows and their dependents

Training

Training

Training to promote rural sports, nationally recognised sports, paralympic sports and olympic sports

Contribution

Contribution

Contribution to the prime minister's national relief fund: or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)] or any other fund set up by the central govt.  

Research

Research

Contribution to incubators or research and development projects

Development

Development

Rural development projects

Slum

Slum

Slum area development

Disaster management

Disaster management

This includes relief, rehabilitation and reconstruction activities

Notification in the wake of COVID 19

Any company engaged in research and development activity of new vaccine, drugs and medical devices in their normal course of business may undertake research and development activity of new vaccine, drugs and medical devices related to COVID-19 for financial years 2020-21, 2021-22 and 2022-23 subject to the conditions that- 

  • such research and development activities shall be carried out in collaboration with any of the institutes or organisations mentioned in item (ix) of Schedule VII to the Act. 
  • details of such activity shall be disclosed separately in the Annual Report on CSR included in the Board’s Report”

Benefits of CSR

Our blogger, Anish Sengupta.  lists out the benefits of CSR in his blog 

Click here to read more

10 principles of Good Business

UN GCNI has listed 10 principles pertaining to human rights, labour standards, environmental protection and anti-corruption, which every business should follow. 

Learn More
Featured Story
Devi Will Win the Race

Hailing from a small village, called Kuranda in Nagercoil, Devi, 14 joined Isha Vidhya (a unit of Isha Education) as a pre-schooler. In this short span of time, Devi and her family have been through several ups and downs.

The family had dealt a severe blow in 2015, when her father, who worked for a fish-net company met with a near-fatal accident. Her father survived but was unable to work. Having a courageous mother was a boon. Devi had barely passed Class VI, yet her mother was determined to educate her children and empower them to chase their dreams. There were times they slept on an empty stomach, but she did not budge from her commitment.

After two trying years, her mother finally landed a job in a fish-net company. Today, she is the sole bread-winner, earning a humble ₹5,000 a month. With no financial support from relatives or friends, the family somehow manages.

Devi is a scholarship student and her education is sponsored by employees of CISCO through CAF India’s Employee Giving Programme. Devi excels in sports. From 2015 to 2018, she has won first prize in running, high jump and long jump. She has also won multiple cash prizes. She aims to buck up in academics and excel there too.

Devi is a sportswoman in the making and with the right encouragement and guidance, she will make a name for herself.

Read More
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