Aug. 14, 2019

Injeti Srinivas, Secretary (Corporate Affairs), presented the Report of the High Level Committee on Corporate social responsibility (CSR) to the Union Minister of Corporate Affairs, Nirmala Sitharaman.


  • Background: The High Level Committee on CSR was constituted in October, 2018 under the Chairmanship of Injeti Srinivas, Secretary (Corporate Affairs). 

  • Mandate: To review the existing CSR framework and make recommendations on strengthening the CSR ecosystem, including monitoring implementation and evaluation of outcomes. 

Recommendations of the Committee: 

  • Making CSR expenditure tax deductible,

  • Provision for carry forward of unspent balance for a period of 3 – 5 years,

  • Aligning Schedule 7 with the SDGs by adopting a SDG plus framework (which would additionally include sports promotion, Senior Citizens’  welfare, welfare of differently abled persons, disaster management and heritage protection),

  • Balancing local area preferences with national priorities,

  • Introducing impact assessment studies for CSR obligation of 5 crore or more,

  • Registration of implementation agencies on MCA portal,

  • Developing a CSR exchange portal to connect contributors, beneficiaries and agencies,

  • Allowing CSR in social benefit bonds,

  • Promoting social impact companies and third party assessment of major CSR projects,

  • Companies having CSR prescribed amount below Rs. 50 lakh may be exempted from constituting a CSR Committee and

  • Violation of CSR compliance may be made a civil offence and shifted to the penalty regime.

Source : PIB