CSR ESG and Charitable Institutions

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Description
Effective from 1 April 2014, the Government of India had brought into force the provisions of Section 135 the Companies Act, 2013 (the 2013 Act) relating to Social Responsibility (CSR) Until 22 January 2021. CSR provisions were only on "comply or explain basis. The classes of CSR Activities covered by Schedule VII to the 2013 Act will show that there is a significant thrust on poverty alleviation, healthcare, education, and environmental protection. There is no gainsaying of the fact that social upliftment will happen only when we are able to see significant progress in eradication of poverty. improvement of health care and education, of the masses at the bottom of the pyramid.The UN climate change conference (COP 21) adopted the Paris Agreement, a legally binding international treaty on climate change on 12 December 2015. 196 countries are parties to the Paris Agreement. Under this Agreement, the most important target was to limit the global warming to 1.5 percent by the end of this century. At the heart the Paris Agreement are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership.
In order to achieve the 17 distinct Sustainable Development Goals (SDG), CSR activities are expected to play a predominant role. The very first SDG is end of poverty in all forms everywhere. The second SDG is to ensure healthy lives and well-being of people of all ages. The third SDG is to ensure inclusive and equitable quality education.
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Table of Contents
PART 1
1. Philosophy of Corporate Social Responsibility
2. Corporate Social Responsibility-Provisions and Procedures
3. CSR Expenditure-Analysis of Accounting Aspects
4. 100 Frequently Asked Practical Questions
5. CSR Spend Pattern Analysis
6. CSR and Foreign Companies
7. Transfer of CSR Funds-Foreign Holding Company to Indian
Subsidiary
8. Taxation Aspects of CSR Expenditure Sections 30 to 36 of the Income Tax Act
PART 2
9. Environmental, Social & Governance (ESG) Reporting anal (892) Practices - Thus Far and Henceforth
10. ESG KPIs – A Study of Disclosures by Top 50 Listed Companies
11. Energy, Emissions, Water and Waste Management - a Study of Four Important ESG Attributes of Select 10 Companies
PART 3
12. Section 8 Companies as CSR Vehicles-Provisions and Procedures
13. Establishing Societies as CSR Vehicles
14. Establishing Trusts as CSR-Vehicles
15. Registration of Trusts, Societies and Section 8 Companies under the Income Tax Act, 1961 and Exemption from Income Tax
16. Benefits of Contributions to Funds, Trusts, and Institutions, Registered under Section 80G of IT Act, 1961
17. Foreign Contributions under the Foreign Contribution (Regulation) Act, 2010
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Author Details
DR. K S Ravichandran, M Com LL B, FCS, Ph D, is the Founder and Managing Partner of KSR & Co Company Secretaries LLP, Coimbatore, Bangalore, and Chennai. He is an expert in Company Law, Securities Laws and Regulations; Law relating to Foreign Exchange Management and its related rules & regulations, Industrial Law, and Environmental Laws. His areas of specialisation include board process, governance, audits, compliance solutions, corporate restructuring, dispute resolution, IPRS, mergers & acquisitions, insolvency & bankruptcy, and arbitration & conciliation. He has appeared before various regulatory authorities and tribunals such as the National Company Law Tribunal, National Company Law Appellate Tribunal, Debts Recovery Appellate Tribunal, and Intellectual Property Appellate Tribunal.