India`s Csr Law Creates Massive Opportunities

Given the mandate it is estimated that nearly 16,500 companies will invest Rs 22,000 crore towards CSR,” Vijay Ganapathy from EY India’s advisory services said speaking at a seminar on CSR.

He said as per the provisions of the new Companies Act, any company having a turnover of more than Rs 1,000 crore or a networth of over Rs 500 crore or a net profit of over Rs 5 crore, has to spend 2 per cent of their annual net profit on CSR activities.

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