Voluntary to Mandatory CSR – Views, amendments and modifications

The first set of CSR Rules were announced in 2014 and over the years there have been multiple amendments to refine them. Clarifications on various aspects have been subsequently issued to simplify the fulfilment of one’s social responsibility. The law that intended to encourage corporates to give back to society with a comply or explain clause, has now turned into mandatory spend with greater accountability.

The amendments will have a multiplier effect on various existing stakeholders, while bearing in mind that there has also been an addition of new stakeholders with defined roles and responsibilities. Hence, there is a need to discuss the implications and outcomes from various perspectives.

Grant Thornton Bharat organised a webinar on Voluntary to Mandatory CSR – Views, amendments and modifications where our distinguished panel of speakers shared insights on the following:

• Key amendments and critical action points thereon
• Challenges that various stakeholders will face in execution and effective implementation
• Strategic implications due to the shift in orientation from voluntary to mandatory