Lok Sabha Question No. 2426 (UNSTARRED), answered on 2021-12-13
Subject: CSR Spent in Haryana
Ministry: CORPORATE AFFAIRS
Asked by: Dharambir Singh

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS LOK SABHA

UNSTARRED QUESTION NO. 2426 ANSWERED ON MONDAY, DECEMBER 13, 2021/ AGRAHAYANA 22, 1943 (SAKA)

CSR SPENT IN HARYANA

## QUESTION

2426.   SHRI DHARAMBIR SINGH:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) the details of amount spent under Corporate Social Responsibility (CSR) in Haryana by the Government and Private Sector Banks and companies during the last three year;
- (b) whether the Government has examined the expenditure incurred by the said banks and companies;
- (c) if so, the details thereof; and
- (d)  the  complete  details  of  all  Government  and  private  companies  and  banks contributing to the CSR fund?

## ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT CHARGE) OF THE  MINISTRY  OF  PLANNING  AND  MINISTER  OF  STATE  IN  THE  MINISTRY  OF CORPORATE AFFAIRS                                                                       [RAO INDERJIT SINGH]

- (a) : As per the input provided by the Department of Financial Services, Public Sector Banks  are  established  under  the  State  Bank  of  India  Act,  1955  and  the  Banking Companies  (Acquisition  and  Transfer  of  Undertakings)  Act,  1970/80  and  are  not companies incorpora ted under the Companies Act, 2013 ('Act) or under any previous company law. As such, the provisions of Corporate Social Responsibility (CSR) provided in Section 135 of the Act are not applicable to Public Sector Banks.

On the basis of filings made in the MCA21 registry by the companies, including banks incorporated  under  the  Act,  the  CSR  spent  in  Haryana  for  financial  years  2018-19, 2019-20 and 2020-21 is as follows:

| State             |   FY 2018-19 |   FY 2019-20 |   FY 2020-21 |
|-------------------|--------------|--------------|--------------|
| Haryana (INR Cr.) |       375.69 |       525.57 |       228.38 |

(Data upto 30.09.2021) [Source: National CSR Data Portal]

(b) & (c): Under the Act, CSR is a Board driven process and the Board of the company is empowered  to  plan,  decide,  execute  and  monitor  CSR  activities  based  on  the recommendations  of  its CSR  Committee. The CSR  framework  is disclosure based and

CSR mandated companies are required to file details of CSR activities annually in the MCA21  registry.  The  CSR  mandated  companies  are  required  to  provide  additional information in their Profit & Loss Account regarding amount of expenditure incurred on CSR activities and the same is required to be audited by the statutory auditors of the company. Further, the Board of the company is also required to disclose the CSR Policy implemented  by  the  company  in  its  Board  report.  Thus,  the  corporate  governance framework  along  with  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 adequate safeguards in this regard. Whenever any violation of CSR provisions is reported, action against such non-compliant Companies is initiated as per provisions of the Act after due examination of records and following due process of law.

(d): All data related to CSR filed by companies in MCA21 registry, are available in public domain at www.csr.gov.in. On the basis of filings made in the MCA21 registry, the CSR spent by all Government and private companies, including banks incorporated under the Act, for financial years 2018-19, 2019-20 and 2020-21 respectively is given below:

|                                     | FY 2018-19       | FY 2018-19                      | FY 2019-20       | FY 2019-20                      | FY 2020-21       | FY 2020-21                      |
|-------------------------------------|------------------|---------------------------------|------------------|---------------------------------|------------------|---------------------------------|
| 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) | 615              | 4,206.30                        | 452              | 5,241.57                        | 20               | 561.18                          |
| Non-PSUs                            | 24484            | 15,943.97                       | 22079            | 19,447.09                       | 1599             | 8,266.93                        |
| Grand Total                         | 25099            | 20,150.27                       | 22531            | 24,688.66                       | 1619             | 8,828.11                        |

(Data upto 30.09.2021) [Source: National CSR Data Portal]

Regarding CSR data for the financial year 2020-21, it is informed that the companies are required  to  hold  Annual  General  Meeting  (AGM)  within  six  months  from  the  end  of financial year.  Thereafter, financial statements and board report containing disclosure about CSR, are to be filed in MCA21 within 30 days of the AGM. In view of the disruption caused by COVID-19 pandemic, Registrars of Companies have accorded extension of time till  30th  November, 2021 for conduct of AGMs by companies. The Ministry vide General Circular No. 17/2021 dated 29.10.2021 has relaxed the levy of additional fees till 31.12.2021 for filing of financial statement in respect of the financial year 2020-21.

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