Corporate Social Responsibility

As amended by Companies (Amendment) Act, 2020
and The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022
Including Business Responsibility and Sustainability Reporting (BRSR) notified by SEBI
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Description
It gives me immense pleasure to present before the readers the fourth edition of the book "Corporate Social Responsibility". The present book is an attempt to serve as a guide for the Corporates, Chartered Accountants, Company Secretaries, Cost and Management Accountants and other professionals involved, directly or indirectly, in the matters pertaining to CSR implementation and compliance. All companies with turnover of Rs. 1,000 crore and more or a net worth of Rs. 500 crore and more or net profit of Rs. 5 crore and more, shall have to spend at least two percent of their past three-year average profit every year on CSR activity. Unlike in the past, the companies will now be required to spend in a structured manner. The old way of writing a cheque for religious cause or an activity that benefits their own workers will not be considered CSR, this means that there will also be a need for a whole lot of CSR professionals and consultants and other specialists.
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Contents
Chapter 1    Corporate Social Responsibility -An introduction
Chapter 2    Evolution of Corporate Social Responsibility in India
Chapter 3    Corporate Social Responsibility under Companies act, 2013
Chapter 4    CSR Impact Assessment
Chapter 5    Companies to which CSR Obligations are Applicable
Chapter 6    Mandatory CSR Obligations, Set off and Creation or Acquisition of CSR Capital Asset
                      and disclosures in financial statements
Chapter 7    Report on Corporate Social Responsibility
Chapter 8    Mandatory CSR Spends
Chapter 9    CSR Amendment Rules, 2021 and Ind AS - the Interplay
Chapter 10    Auditor's Responsibilities under SA and CARO
Chapter 11  Practice Pointer Illustrations on CSR
Chapter 12  CSR Spends Vis-a-vis Charitable and Political Contributions under Companies Act, 2013 and Income Tax Act, 1961
Chapter 13  Business Process Integration and Shared Value
Chapter 14  Business Responsibility Reports by Listed Companies
Chapter 15  CSR Reporting vis-a-vis Indian Corporates
Chapter 16  CSR Governance Guidelines and CSR Audits
Annexure
A.    Statutory Provisions
B.    Notification bringing into Force Section 135, w.e.f. 1-4-2014.
C.    Companies (Corporate social Responsibility Policy) rules, 2014 (As amended upto date)
D.    Schedule VII: Activities which may be included by Companies in their CSR Polices.
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Author Details
CA. Kamal Garg [B. Com (H), FCA, DISA (ICAI)] is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and a First Class Commerce Baccalaureate from Deen Dayal Upadhyaya College, University of Delhi and a consulting academician in KGMA, Delhi.
He was also the member of Board of Studies (BOS) Study Material Research Group (2009-2010) of NIRC of ICAI and a special invitee
member of Accounting Standards Board (ASB) (2012-2013) and Ind AS (IFRS) Implementation Committee (2014-2015) of ICAI. He is also the faculty member of Ethical Standards Board (ESB) of ICAI and had an opportunity to act as a speaker in the very 1st Live Webcast held by ESB of ICAI in March 2013. He is also a key resource person for development and review of various study contents and webcasts for BOS of ICAI, such as study material and practice manual on Advanced Auditing for CA Final, Lectures for CA IPCC and CA Final studies, etc. Besides being a regular guest speaker for IFRS and Management Development Programmes at IBC & PKG, Mumbai, ICAI, ICSI, Direct Taxes Regional Training Institute (North-West Region) for Income Tax Inspectors training programme, he is also an author of over dozens of books including 'Guide to Tax Audit u/s 44AB', 'Foreign Direct Investments in India', 'IFRS and Ind-AS Concepts and Applications', 'Accounting Standards and IFRS', 'Auditors' Practice Manual', 'Handbook on Company's Balance Sheet and Profit & Loss
Account under Revised Schedule VI and XBRL', 'Handbook on Internal Auditing', 'Consolidated Financial Statements', 'Interim Financial Reporting', 'Guide to International Taxation', 'Understanding Goods and Service Tax (GST)', 'Professional Approach to Advanced Auditing' for CA (Final) studies and 'Systematic Approach to Auditing' for CA IPCC studies published by Bharat Law House Private Limited.
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