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Ramesh Sharma
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Asked: 2022-03-29T15:00:08+05:30 In:

Are the provisions with regard to CSR applicable to foreign companies?

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Are the provisions with regard to CSR applicable to foreign companies?
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      The CSR (Corporate Social Responsibility) provisions under the Companies Act, 2013 are designed for companies that are incorporated in India. This means: Indian-Incorporated Companies:Companies that are incorporated in India and meet the financial thresholds (net worth, turnover, or net profit) mustRead more

      The CSR (Corporate Social Responsibility) provisions under the Companies Act, 2013 are designed for companies that are incorporated in India. This means:

      • Indian-Incorporated Companies:
        Companies that are incorporated in India and meet the financial thresholds (net worth, turnover, or net profit) must comply with the CSR requirements as specified under Section 135.

      • Foreign Companies:
        Pure foreign companies (i.e., companies not incorporated in India) are not required to follow the CSR provisions under the Companies Act, 2013.

      • Indian Subsidiaries of Foreign Companies:
        However, if a foreign company has a subsidiary or branch incorporated in India, that entity must comply with the CSR requirements if it meets the prescribed thresholds.

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