2. “DESH HME DETA HAI SB HUM BHI TOH KUCH DENA SIKHE” AT the end of our lives, we will not be judged by how many diplomas we have received,how much money we have made or how many great things we have done. We will be judged by “ I was hungry and you gave me to eat. I was naked and you clothed me. I was homeless and you took me in.”

3. Defining

4. Mandatory CSR Spend under the Companies Act, 2013 The New Companies Bill, 2013 passed by Lok Sabha The Bill passed by Rajya Sabha Presidential Assent on the Bill Obtained December, 2012August,2012August,2013 Applicable w.e.f 1 st April, 2014

5. Applicability of Corporate Social Responsibility NET WORTH =500 crore or more NET PROFIT =5 crore or more TURNOVER =1000 crore or more

6. CSR C OMMITTEE Three or more directors with at least one independent director. Formulate and recommend a CSR policy to the board. Recommend activities and the amount of expenditure to be incurred. Monitor the CSR policy from time to time.

7. Role of the board Form a CSR committee Approve the CSR policy Ensure implementation of the activities under CSR Ensure 2% spend Disclose reasons for not spending the amount (if applicable)

8. Activities Covered under CSR

9. Eradicating Hunger Promotion of Education Gender Inequality and Empowering women Reducing Child mortality and improving maternal health Combating human immunodeficiency virus, other diseases. Ensuring Environmental Sustainability Employment enhancing vocational skills Social Business Projects Contribution to the Prime Ministers Relief Fund Such other matters as may be prescribed

10. Activities not covered under CSR The CSR projects or programs or activities undertaken in India only shall amount to CSR expenditure Contribution to political party either directly or indirectly shall not be considered as CSR activity The projects or programs or activities that benefit only the employees and families shall not be considered as CSR activities. If a company gives its own products for charity then it can not be counted as CSR activities.

12. Conclusion ”Goodness is the only investment that never fails” – Henry David Thoreau