Seminar on ‘Understanding India CSR Law’, Must Attending for PSUs Leaders, Directors & CSR Heads

RAIPUR, India - July 13, 2014 - PRLog -- NEW DELHI: In collaboration with Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs (MCA), Govt. of India, New Delhi; INDIACSR is organizing ‘Understanding CSR Law with Dr. Bhaskar Chatterjee’ a special orientation programme for CEO/MD/Directors, Head CSR, CAs, Development Consultants, Social Leaders, Editors and NGO Leaders in Raipur at Hotel Babylon Inn on August 9, 2014 from 9am to 4pm.

The seminar is very much relevant for Central Public Sector Undertakings (CPSUs) and State PSUs as well.

Kindly reserve your seat. Registration is must for attending this high level seminar.  Late date of Registration August 5, 2014. Kindly send your confirmation to Rusen Kumar (9981099555) (Email: conference@indiacsr.in). Kindly visitwww.seminar.indiacsr.in for complete detail of the event or download brochure.

Dr. Bhaskar Chatterjee, Director General & CEO, Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, Govt of India, New Delhi is the key note speaker at the seminar.

Various PSUs and Private Sector and developmental organization from Chhattisgarh, Odisha, Jharkhand, West Bengal and Madhya Pradesh are participating in the seminar. Complete detail of the seminar is available atwww.seminar.indiacsr.in

Guest and Speakers

*Shri Nitish Mishra,
Minister for the  Rural Development Department,
Government of Bihar

Dr. Bhaskar Chatterjee
DG & CEO, Indian Institute of Corporate Affairs (IICA),
Ministry of Corporate Affairs (MCA), Govt of India, New Delhi

*Shri Vivek Dhand, IAS
Chief Secretary,
Govt of Chhattisgarh

*Shri S. M. Raju, IAS,
Principal Secretary,
Rural Development Department, Government of Bihar

Dr. Rajiv Kumar Garg, IFS
Advisor (Environment & Forests)
Coal India Limited, New Delhi

Dr. Raj Kumar, CA
Director
Bank of Maharashtra

Pratap Bhanu Singh
Advisor- CSR & Sustainability
IRCON INFRASTRUCTURE & SERVICES LTD
(A Govt. of India Undertaking), New Delhi

Gayatri Subramaniam
Convener and Chief Programme Executive (CSR)
National Foundation for Corporate Social Responsibility (NFCSR)
Indian Institute of Corporate Affairs (IICA)

Geetanjali Gaur
Programme Executive (Corporate Social Responsibility),
National Foundation for CSR (NFCSR), at the Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs (MCA)

Rusen Kumar, Founder & Director
IndiaCSR.in (India’s Largest CSR News Network)
CSR & COMPETITIVENESS (Foremost CSR Monthly Magazine)

* Confirmation awaited.

The daylong seminar would provide a forum to initiate a dialogue 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.

The objective of the seminar is to 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.

This is an excellent opportunity to present your views and experiences on CSR issues, and also network with experts from government, industry, policy makers and NGOs dealing with social responsibility opportunities.

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, Government representatives establishing frameworks for (sustainable) development and students and academicians interested in the field of CSR.

We are writing to cordially invite and request you to kindly nominate senior management to attend the seminar. In case you are pre-occupied please nominate a concerned senior management of your company for this unique orientation programme.

We look forward to an active participation from your end as delegate/sponsor at the event. You may like to block your date(s) for the most important interaction platform in the Corporate Social Responsibility and Sustainability in Raipur, Chhattisgarh.

Look forward to receiving you at the programme.

Kindly reserve your seat. Registration is must for attending this high level seminar.  Late date of Registration August 5, 2014. Kindly send your confirmation to Rusen Kumar (9981099555) (Email: conference@indiacsr.in).

CSR Law in India
The Companies Act, 2013 In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013, which was passed by both Houses of the Parliament, and had received the assent of the President of India on 29 August 2013.

As per the Companies Act, 2013, section 135, every company having a net worth of rupees five hundred crore or more, or a  turnover of rupees one thousand crore or more or a net profit of rupees five 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’s draft rules, that have been put up for public comment, define net profit as the profit before tax as per the books of accounts, excluding profits arising from branches outside India.

The application is to every company, including its holding or subsidiary, and a foreign company having its branch or project office in India.

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.