Corporate Social Responsibility

February 19, 2015

Prepared By: Parag Pitliya

Presentation On “Corporate Social Responsibility”

Contents at a Glance

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Sr. No. Scheme of Presentation Slide No.

1 Introduction 3

2 Applicability 4

3 Requirements 5

4 Duties of Committee 6

5 Manner of Implementation 7

6 Disclosures Requirements 8

7 Activities not amounting CSR 9

8 Accordance with Schedule VII 10

9 Duties of Internal Auditors towards CSR 11

Introduction

Corporate Social Responsibility

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Applicability

As per Section 135 – This section is applies from 1st of April 2014 to every

company where public or private (Including Foreign company) only if it

satisfies one or more of the following criterion during any financial year:-

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Requirements

5

Requirements of section 135

Duties of Committee

6

Duties of CSR Committee

Manner Of Implementation

7

Manner of implanting CSR policy

Disclosures Requirement

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Disclosure Requirements:- Companies shall disclose following information for every financial year:-

Activities not amounting CSR

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Following Shall not amount to CSR Activities for the purpose of section 135

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Accordance with Schedule VII

Schedule VII Contains such activities which may be undertaken by the companies in pursuance of their CSR policy:-

Particulars

Eradicating hunger, poverty and malnutrition

Promoting education in India

Setting up homes and hostel, old age home

Protection of national heritage, art and culture

Ruler development projects

Promoting any ruler sports, nationally recognised sports and Olympic sports

Contribution to Prime Minister National Relief Fund or any other fund set up by Central Government

Conservation of natural resources and maintaining quality of soil, air and water

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Duties of CA as Auditor

Duties of Chartered Accountant towards CSR

Auditor shall check

Authenticity of expenditure incurred on CSR

Incurred amount is according to CSR policy or not,

Expensed amount properly booked in head of account which specific for CSR Expenses,

Company has incurred 2% amount or not,

Incurred amount only for activities which defines in schedule VII,

Proper record maintained or not

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Thank You