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The NVGs are the revised version of the CSR (Corporate Social Responsibility) Voluntary Guidelines 2009, released in December, 2009 by the Honourable President of India, Smt. Pratibha Patil at the India Corporate Week organised by the Ministry of Corporate Affairs (MCA). The CSR Voluntary Guidelines served as a statement of intent by the ...
As the Companies Act 2013 only allowed CSR exemptions for funds established by the government for socio-economic development and relief work, the Ministry of Corporate Affairs issued a circular in March 2020, authorising exemptions for the PM CARES Fund, noting that it was a public fund established by the Central Government. [41]
Corporate social responsibility may cover: A company running its business responsibly in relation to internal stakeholders ( shareholders , employees , customers and suppliers) The role of business in relation to the state (locally and nationally) as well as to inter-state institutions or standards
The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016.
The Indian Institute of Corporate Affairs (IICA) was established by the Central Government in 2008 as an Institute under the administrative control of Ministry of Corporate Affairs, Government of India to function as a think tank, carry out action research, service delivery and capacity building support to the Central Government, corporate sector, professionals and related stakeholders.
She has been active in the field of corporate governance and has been a member of various expert committees including JJ Irani Committee in 2005 constituted by the Ministry of Corporate Affairs, Government of India, to advise the government on the Company Law. She was a member of the Board of Governors of the Indian Institute of Corporate ...
The Ministry of Corporate Affairs thereafter published a notification exempting private companies from the ambit of various sections under the act. [ 4 ] The Act increased the responsibilities of corporate executives in the information technology sector, increasing India's safeguards against organised cybercrime by allowing CEOs and CTOs to be ...
NSDC also signed a collaboration with the Indian Institute of Corporate Affairs to train people within CSR, corporate governance, business innovation, e-governance and other skills. [7] Other partners include the Adani Foundation, [8] Uber and Maruti. [9]