by Sandeep Kejriwal | Aug 10, 2014 | CSR & Sustainability, Legal & Regulatory |
The section 135 of the Companies Act, 2013 makes it mandatory for certain class of companies to spend 2% of the profits on CSR. But there are also 1,000-odd multinational companies operating through their branches, offshore delivery centers etc. Therefore, people often ask whether the CSR Law applies to MNCs / Foreign Companies also.
by Sandeep Kejriwal | May 10, 2014 | CSR & Sustainability, Legal & Regulatory |
Today is a landmark day for our nation as the new Companies Act 2013 makes it mandatory for certain companies to spend 2% of their average net profit of last three years on Corporate Social Responsibility (CSR). However, in spite of so much debate and discussions, there are several gaps in the new legislation.
by Sandeep Kejriwal | Mar 22, 2014 | CSR & Sustainability, Legal & Regulatory |
As the CSR legislation is about to be formally introduced, it is surprising how several companies continue to criticize it. The two common questions being raised on this topic are: (1) The profit earned by a company is shareholders’ money. (2) We are already discharging our obligations by paying taxes to the government. So, isn’t our government abdicating its fundamental responsibilities? See my detailed analysis in this blog.
by Sandeep Kejriwal | Mar 4, 2014 | CSR & Sustainability, Legal & Regulatory |
Section 135 of the Indian Companies Act, 2013 Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate...
by Sandeep Kejriwal | Dec 17, 2013 | Business & Leadership, Legal & Regulatory |
While Corporate Governance can be simply defined as “the way a particular company is managed”, a drill-down opens up a plethora of do’s and don’ts that business leaders must be aware of at all times. To avoid human errors that can severely damage the reputation,...
by Sandeep Kejriwal | May 9, 2013 | Current Affairs, Legal & Regulatory |
On 5th May 2013, I went with my family to the polling booth to cast our votes for the Karnataka State Assembly elections. I was shocked to see the process being followed for “No Vote (Rule 49-O)”. One thing that instantly caught my attention was the change...
