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Office Memorandum: CSR-15LO008/2014

This office memorandum from the Government of India outlines the requirements for Central Public Sector Enterprises (CPSEs) regarding Corporate Social Responsibility (CSR) as mandated by the Companies Act, 2013. It emphasizes the need for transparency, stakeholder engagement, and the public disclosure of CSR policies and activities. Additionally, it calls for an institutionalized mechanism for monitoring and evaluation of CSR initiatives and supersedes previous guidelines on CSR and Sustainability.

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8 views1 page

Office Memorandum: CSR-15LO008/2014

This office memorandum from the Government of India outlines the requirements for Central Public Sector Enterprises (CPSEs) regarding Corporate Social Responsibility (CSR) as mandated by the Companies Act, 2013. It emphasizes the need for transparency, stakeholder engagement, and the public disclosure of CSR policies and activities. Additionally, it calls for an institutionalized mechanism for monitoring and evaluation of CSR initiatives and supersedes previous guidelines on CSR and Sustainability.

Uploaded by

Priyaashan
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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• I

No. CSR-15LO008/2014- Dir (CSR)


Government of India
Ministry of Heavy Industries & Pubic Enterprises
Department of Public Enterprises
Public Enterprises Bhavan
Block No. 14, CGO Complex
Lodi Road, New Delhi-110003
Dated: 1st August, 2016

OFFICE MEMORANDUM

Subject: Observance of transparency and due diligence in selection and implementation of activities
under CSR by CPSEs.

The undersigned is directed to refer to the subject cited above and to state that after coming into
force of Corporate Social Responsibility (CSR) provisions under Section 135 of Companies Act, 2013, all
CPSEs crossing the threshold under the Act are mandated to allocate 2% of their average net profits
(PBT) of the three preceding years for undertaking CSR activities for the year concerned.

2. Keeping in view the above and the recommendations of COPU, all Ministriesl Departments
mandated to implement CSR are requested to advise the following to the CPSEs under their
administrative jurisdiction:

(i) It should be ensured that CSR activities selected for implementation fall within the list of activities
given under Schedule-VII of the Companies Act, 2013.

(ii) It should be ensured that the criteria for selection and engagement with stakeholders are clearly
outlined for prioritizing the needs of the people and selection of activities 1 projects under CSR
activities.

(iii) CSR policies of CPSEs should be uploaded in the public. domain on their websites as per Section
135 of Companies Act, 2013 and associated CSR Rules indicating the details of CSR activities t
projects along with the allocation of funds.

(iv) Observance of transparency and due diligence in the selection and implementation of activities
under CSR should be ensured.

(v) An institutionalized mechanism for monitoring, reporting and evaluation should be introduced by
CPSEs implementing CSR.

(vi) All efforts should be made by CPSEs to fully utilize the allocated CSR funds for the year.

3. This OM supersedes Guidelines on CSR & Sustainability issued vide DPE's OM No. 15(13)/2013-
DPE (GM) dated 21st October, 2014.

(S. Meenakshisundaram)
Director
Telefax: 24362770
To,
Secretaries of all Ministriesl Departments concerned with CPSEs.

~ to: Chief Executives of all CPSEs.

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