Swipe through the latest business and wealth clues with our android app

MCA plans to make geotagging of CSR projects mandatory

Companies may soon have to geotag and furnish pictures of projects undertaken under their corporate social responsibility (CSR) programmes to the government. Parliament last week approved amendments to the Companies Act, adding provisions that make companies criminally liable for CSR violations. Companies with a minimum net worth of Rs 500 crore, turnover of Rs 1,000 crore, or net profit of Rs 5 crore are required every year to spend at least 2% of their average profit for the previous three years on CSR activities. 

Read More at The Economic Times News date : 6 Aug 2019, Tuesday

©2019 TheNewsClues