Spending 2% on CSR helps create bridge between society, corporates: Prabhu
New Delhi, May 29 (DIN NEWS) The law under which companies are required to spend two per cent of their profit towards CSR activities provides an “excellent legal framework” to create a bridge between society and corporates, Commerce and Industry Minister Suresh Prabhu today said. Under the Companies Act, 2013, certain class of profitable entities are required to shell out at least two per cent of their three-year annual average net profit towards corporate social responsibility (CSR) activities. He said that India is probably the only country in the world with…
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