Lok Sabha Question No. 3139 (UNSTARRED), answered on 2021-03-15
Subject: CSR by Navratna Companies
Ministry: CORPORATE AFFAIRS
Asked by: Shardaben Anilbhai Patel, Mitesh Rameshbhai (Bakabhai) Patel

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 3139

ANSWERED ON MONDAY THE 15 th  MARCH, 2021/

PHALGUNA 24, 1942 (SAKA)

CSR BY NAVRATNA COMPANIES

## QUESTION

3139. SHRIMATI SHARDABEN ANILBHAI PATEL: SHRI MITESH RAMESHBHAI PATEL (BAKABHAI):

Will the Minister of CORPORATE AFFAIRS

be pleased to state:

- (a)  the  total  amount  spent  under  Corporate  Social  Responsibility  (CSR)  by  each Navratna  and  Miniratna  companies  and  ten  corporate  entities  with  the  highest turnover during each of the last three years;
- (b)  whether  there  is  any  mechanism  in  place  to  ensure  transparency  in  such expenditure incurred under the CSR;
- (c) if so, the details thereof; and
- (d) the total amount spent by the said companies under the CSR during the said period?

## ANSWER

कारपोरेट कार्य मंत्री

THE MINISTER OF STATE FOR FINANCE

AND CORPORATE AFFAIRS                                         (SHRI ANURAG SINGH THAKUR)

वित्त एिं कारपोरेट कार्य  मंत्रालर् में राज्र् मंत्री

(

श्री अनुराग स ंह ठाक ु र )

(a) to (d): On the basis of filings made by the Companies in the MCA21 registry, the Corporate  Social  Responsibility  (CSR)  spent  by  various  public  and  private  sector companies for the financial years 2017-18, 2018-19 and 2019-20 are given below:

|                                     | FY 2017-18       | FY 2017-18                      | FY 2018-19       | FY 2018-19                      | FY 2019-20       | FY 2019-20                      |
|-------------------------------------|------------------|---------------------------------|------------------|---------------------------------|------------------|---------------------------------|
| Nature of Company                   | No. of Companies | Total Amount Spent (in Rs. Cr.) | No. of Companies | Total Amount Spent (in Rs. Cr.) | No. of Companies | Total Amount Spent (in Rs. Cr.) |
| Public Sector Under- takings (PSUs) | 535              | 2,704.32                        | 609              | 3,835.50                        | 14               | 438.29                          |
| Non-PSUs                            | 20,915           | 11,185.53                       | 24,323           | 14,819.32                       | 1061             | 7,384.21                        |
| Grand Total                         | 21,450           | 13,889.85                       | 24,932           | 18,654.82                       | 1,075            | 7,822.50                        |

(Data upto 30.09.2020) [Source: National CSR Data Portal]

The CSR architecture is disclosure based and CSR mandated companies are required to file details of its CSR activities annually in MCA21 registry. All data related to CSR filed by companies in MCA21 registry including state-wise, sector-wise and companywise is available in public domain and can be accessed at www.csr.gov.in. Under the Companies  Act,  2103  ('Act'),  CSR  is  a  Board  driven  process  and  the  Board  of  the company is empowered to plan, decide, execute and monitor CSR activities of the company  based  on  the  recommendation  of  its  CSR  Committee.  The  existing  legal provisions such as mandatory disclosures, accountability of the CSR Committee and the  Board,  provisions  for  statutory  audit  of  accounts  of  the  company  etc.  provide sufficient safeguards for implementation of CSR by companies. Whenever any violation of  CSR  provisions  is  reported,  action  against  such  non-compliant  Companies  are initiated as per provisions of the Act after due examination of records and following due process of law.

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