Constitution of a High Level Committee to suggest measures for improved monitoring of the implementation of Corporate Social Responsibility policies by the companies under Section 135 of the Companies Act, 2013
The document, verbatim
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Geren Clrculy no /oA
F.No.05/09/2014-CSR
Government of India
Ministry of Corporate Affairs
5" floor, ‘A’ wing, Shastri Bhawan
Dr. R.P. Road, New Delhi — 110001.
Dated: 03.02.2015
OFFICE MEMORANDUM
Subject: Constitution of a High Level Committee to suggest measures for improved
monitoring of the implementation of Corporate Social Responsibility
policies by the companies under Section 135 of the Companies Act, 2013.
Undersigned has been directed to state that a High Level Committee has been constituted under
the Chairmanship ofShri Anil Baijal, Former Secretary, Govt. ofIndia to suggest measures for
monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies
by companies at their level and by the Government under the provisions of Section 135 of the
Companies Act, 2013 and Rules thereunder.
2:
The composition of the High Level Committee is as under:
:
ae
ee
ae
ae Shri Anil Baijal
Chairperson
Former Secretary
to Govt. of India
Prof. Deepak Nayyar
Member
Professor (Emeritus), Jawaharlal Nehru University,
een
iii.
| Shri Onkar S Kanwar
Member
OY [ema Maa Disr Alesis |_|
iv. | Shri Kiran Karnik
Member
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V.
Secretary, Department of Public Enterprises
Member
(Represented by an officer not below the rank of Joint
al
Vi.
Additional Secretary (*)
Member-
gol oe 5
ee
al
(*) Economic Adviser, MCA will discharge the responsibility in the absence of
Additional Secretary, MCA.
Be
Terms of Reference of the Committee are as under:
(i)
To recommend suitable methodologies for monitoring compliance of the
provisions ofSection 135 (Corporate Social Responsibility) ofthe Companies Act,
2013 by the companies covered thereunder.
(ii)
To suggest measures to be recommended by the Government for adoption by the
companies for systematic monitoring and evaluation of their own CSR initiatives.
(ili)
To identify strategies for monitoring and evaluation of CSR initiatives through
expert agencies and institutions to facilitate adequate feedback to the Government
with regard to efficacy of CSR expenditure and quality of compliance by the
companies.
(iv)
To examine if a different monitoring mechanism is warranted for Government
Companies undertaking CSR, and if so to make suitable recommendations in this
behalf.
(v)
Any other matter incidental to the above or connected thereto.
4,
The Committee shall submit its report within Six months from the date ofholding of
its first meeting.
5.
Ministry of Corporate Affairs and Indian Institute of Corporate Affairs (IICA) shall
jointly provide secretarial and technical support to the Committee. The Indian Institute of
Corporate Affairs will render the necessary logistic support to the High Level Committee.
6.
This issues with the approval ofHon’ble Union Minister for Corporate Affairs.
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Up lattes
(Dr. Pankaj Srivastava)
Director
Telephone: 011-23389263
E-mail: pankaj.srivastava@gov.in
To
1) Shri Anil Baijal, Former Secretary to Govt. of India, New Delhi
2) Prof. Deepak Nayyar, Professor (Emeritus), Jawaharlal Nehru University, New Delhi
3) Shri Kiran Karnik, Former President (NASSCOMM), New Delhi
4) Shri Onkar S Kanwar, Chairman & Managing Director, Apollo Tyres Ltd
5) Secretary, DPE, M/o Heavy Industries and Public Enterprises
Copy to:
1) DG & CEO, IICA for information and necessary action
Copy for information to:
;
1) PS to Hon’ble Minister of Corporate Affairs
2) PPS to Secretary/ PPS to Special Secretary, MCA
3) PS to JS(M)/JS (ADM)/JS(B)/ JS(SP)/EA/DII(NS)/DII(SBG)
4) All Regional Directors/ Registrar of Companies, MCA