Corporate social responsibility provisions changed


The Ministry of Corporate Affairs, through a circular dated 17 September, has issued a clarification on whether salaries paid by a company to regular and volunteer corporate social responsibility (CSR) staff can be factored into CSR project costs as part of CSR expenditure. In a circular dated 18 June, the ministry had specifically clarified that salaries paid to CSR staff and volunteers could be considered CSR expenditure.

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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.