Govt. appoints panel to review CSR enforcement under Companies Act
NEW DELHI: The government has set up a 12-member panel to review the enforcement of CSR provisions under the companies law as well as look at having a centralised scrutiny and prosecution mechanism to deal with violations.
The latest move by the Corporate Affairs Ministry, which is implementing the Companies Act, comes little over four years after the Corporate Social Responsibility (CSR) norms came into force on April 1, 2014.
A committee on CSR to review “the functioning of CSR enforcement and to recommend a uniform approach for its enforcement” has been constituted, according to a communication from the ministry.