Corporate Social Responsibility Law and Practice

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Description
This book is a comprehensive analysis of Corporate Social Responsibility provisions in the Companies Act, 2013 and the companies (Corporate Social Responsibility Policy) Rules, 2014. The book provides the updated CSR compliance requirements and further explains the provisions with a fresh perspective and illustrations. The book is divided into 28 chapters. Chapters have been carefully crafted to not just provide contextual details but they also touch upon several complex topics such as activities which are regarded as CSR, the
different applicability criteria, CSR Committee, CSR Policy, roles and responsibilities of Board of Directors, calculation of the quantum of spending on CSR, approved modes of incurring CSR expenditure, impact assessment, etc. The book also deals with disclosure requirements, applicability of the CSR provisions to section 8 and foreign companies, reports/certificates and consequences of default. Lastly, the accounting aspects and income tax provisions and interpretations regarding deductibility of CSR expenditure are also covered.
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Table of Contents
Chapter 1 : Background, text, applicability and actions required upon the applicability
Chapter 2 : Applicability to 'every company' fulfilling one of the criteria in section 135
Chapter 3 : Applicability of section 135 to holding company or subsidiary company of a company
                         to which section 135(1) is applicable
Chapter 4 : CSR – Net worth criterion
Chapter 5 : Net profits criterion (Profitability)
Chapter 6 : Turnover criterion
Chapter 7 : Financial year – Meaning
Chapter 8 : CSR committee
Chapter 9 : CSR policy
Chapter 10 : Corporate social responsibility (CSR)
Chapter 11 :  Board of directors
Chapter 12 : Quantum of spending on CSR (2% of average net profits plus surplus from CSR activity)
Chapter 13 : CSR expenditure
Chapter 14 : Implementation of CSR activities
Chapter 15 : Preference to a local area of operation and area around it
Chapter 16 : Impact assessment
Chapter 17 : Ongoing project
Chapter 18 : Implementation through implementing agencies
Chapter 19 : Companies licensed under section 8 of the Companies Act, 2013 or section 25
                           of the Companies Act, 1956
Chapter 20 : Activities under Schedule VII of the Companies Act, 2013
Chapter 21 : Applicability to a foreign company
Chapter 22 : Miscellaneous
Chapter 23 : Accounting
Chapter 24 : Disclosure requirements
Chapter 25 : Reports and certificates
Chapter 26 : Consequences of defaults in spending on CSR activities
Chapter 27 : CSR – Deductibility of CSR expenses under the Income-tax Act, 1961
Chapter 28 : CSR – Deductibility of CSR expenditure under section 80G of the Income-tax Act, 1961
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Author Details
Rajesh S. Kadakia, B.Com, FCA, was a partner in M/s S. R. Batliboi & Associates, an Ernst & Young Global member firm. He has written several books, including the following:
► The Law and Practice of Tax Treaties: An Indian Perspective' (2008)
► Amalgamation of Companies' (1994) published by Taxmann
► Master Guide to Income-tax Act' (from 1991 to 2012) published by Taxmann
He is the author of various online databases (www.legatax.in), including
► Charitable Institutions Referencer (CIR) on taxation of charitable institutions
► Foreign Contribution Regulations Act Referencer (FCRAR)
►Words & Phrases Referencer (WPR), a legal dictionary 
► Interpretation Referencer (IR)