HIGH LEVEL COMMITTEE ON CSR

About:

• Composition: The HLC on CSR has been constituted under the Chairmanship of Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA)
  
  
• Mandate: To review the existing CSR framework as per Act, Rules and Circulars issued from time to time and recommend guidelines for better enforcement of CSR provisions.
  
  
• Timeline: The Committee shall submit its report to the government within three months from the date of holding its first meeting.
  
  

Background:

• The provisions of section 135 of Companies Act, 2013 pertaining to CSR came into force in 2014. The existing provisions fully empower the Board of a Company to decide on their CSR Policy, approve projects and oversee implementation.
  
  
• The Ministry had earlier set up a High-Level Committee on CSR in 2015 which made several recommendations, including review of CSR framework after three years which is almost over.