PRESS RELEASE: ‘Understanding CSR Laws’ a Special Orientation Program for Corporate Directors, CSR Heads and NGO Leaders

• IICA DG & CEO Dr. Bhaskar Chatterjee is the Chief Guest and Keynote Speaker
• Progrmme to be held 9 August at Raipur
• A joint programme of IICA and IndiaCSR for corporate directors, CSR leaders

 

RAIPUR: In collaboration with Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs (MCA), Govt. of India, New Delhi; IndiaCSR, India’s largest CSR network is organizing ‘Seminar on CSR Law with Dr. Bhaskar Chatterjee’ which includes a special orientation program designed for CEOs, MDs, Directors, Head CSR, Head HR/communications & corporate affairs and NGO Leaders in Raipur at Hotel Babylon Inn on August 9, 2014. Complete information are available at www.seminar.indiacsr.in. The programme is very much relevant for the those companies PSUs and private companies who are coming within CSR ambit.

 Rusen Kumar, Director, IndiaCSR informed that, Dr. Bhaskar Chatterjee, Director General & CEO, Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, Govt. of India, New Delhi is the Chief Guest and key note speaker at seminar programme.

 Among other speakers, Dr. Rajiv Kumar Garg (IFS), Advisor (Environment & Forests), Coal India Limited, New Delhi; Dr. Raj Kumar (CA) Director, Bank of Maharashtra and Pratap Bhanu Singh, Advisor- CSR & Sustainability, IRCON Infrastructure & Services Ltd; Gayatri Subramaniam, Convener and Chief Programme Executive (CSR), National Foundation for Corporate Social Responsibility (NFCSR); Geetanjali Gaur, Programme Executive (CSR), NFCSR, Indian Institute of Corporate Affairs (IICA) New Delhi are prominent names.

 This seminar becomes relevant to anyone interested in corporate social responsibility. Orientation programme is especially designed for MD, CEOs, COOs, CFOs, Directors, Executive Directors, Unit Heads, Head CSR, Head Sustainability, professionals from Corporate Governance, Finance, Corporate Communications, Community Relations, Public Relations, Branding, Investor Relations, Strategic Planning, Human Resources, Risk & Compliance and Supply Chains. CSR Seminar is also relevant for representatives from social enterprises and NGOs/NPOs who wish to collaborate with business, Socially responsible investors, and Government representatives establishing frameworks for (sustainable) development and students and academicians interested in the field of CSR.

 According to Dr. Bhaskar Chatterjee, As per the Companies Act, 2013, section 135, every company having a net worth of Rs. 500 crore or more, or a  turnover of Rs.1000 crore or more or a net profit of Rs. 5  crore or more, during any financial year, shall  ensure that the company spends, in every financial year, at least two per cent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility policy.

 The new rules, which will be applicable from the fiscal year 2014-15 onwards, also require companies to set-up a CSR committee consisting of their board members, including at least one independent director.

The Act encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities.

 The Ministry of Corporate Affairs (MCA) has vide its notification dated 27 February 2014, and in exercise of powers conferred by section 1(3) of the Companies Act, 2013 (‘the Act’), notified 1 April 2014 as the date on which the provisions of section 135 and Schedule VII of the Act shall come into force. The MCA has also notified the Companies (Corporate Social Responsibility Policy) Rules, 2014 (‘the Rules’) effective from 1 April 2014.

Rusen Kumar said, with the objectives of facilitating various organizations to understand the requirements for designing strategic CSR projects, design, implement, manage, document strategic CSR projects and interaction with Dr. Bhaskar Chatterjee; we are organizing ‘Day-long seminar on CSR Law’ on August 9, 2014 at Raipur, Chhattisgarh.

“The seminar would provide a forum to initiate dialogues and enlighten the participants on various aspects of Section 135 of the New Companies Law by creating a competitive edge for their business organizations with the help of responsible management practices of company.”, he added.

“We believe that orientation programme will help businesses and the implementing agencies to develop a common perspective and approaches on undertaking CSR initiatives within this broader context of the new legislation. The sessions will focus the necessary elements of CSR and help stakeholders to understand, adopt, implement and measure their programs so as better connect can be created between the businesses and communities.”, Gayatri Subramaniam, Convener and Chief Program Executive (CSR), National Foundation for Corporate Social Responsibility (NFCSR), Indian Institute of Corporate Affairs (IICA), New Delhi said.

This is an excellent opportunity to present views and experiences on CSR issues, and also network with experts from government, industry, policy makers and NGOs dealing with social responsibility opportunities. The program would facilitate the gathering of many luminaries from the corporate and non-profit world. It shall witness how the profit driven business houses are involved in collectivism, informal virtue and morality. Brilliance and knowledge in the field expressed through speeches, presentations and case studies would highlight thought provoking activities and facilitate knowledge transfer across the august gathering.

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 Media Contact : Rusen Kumar/ rusenk@indiacsr.in/9981099555