कोयला मंत्रालय
1. Corporate Social Responsibility (CSR)Welfare:
Corporate Social Responsibility (CSR)Welfare:CSR stands for Corporate Social Responsibility. It refers to a corporation's initiatives to assess and take responsibility for its impact on environmental and social well-being. CSR involves efforts to improve society and minimize any negative impacts caused by the corporation's activities.Under Section 135 of the Companies Act, 2013, mandates that certain classes of companies, specifically those meeting the criteria of size, net worth, and turnover, are required to spend a specified percentage of their average net profits on CSR activities.
For CIL and its subsidiaries (NLCIL, SCCL), funds for CSR should be allocated based on 2% of the average net profit of the company for the three immediate preceding financial years or Rs. 2.00 per tonne of coal production of the previous year whichever is higher.For CIL and its subsidiaries (NLCIL, SCCL), funds for CSR should be allocated based on 2% of the average net profit of the company for the three immediate preceding financial years or Rs. 2.00 per tonne of coal production of the previous year whichever is higher.
(ii) For CIL (Standalone), funds for CSR should be allocated based on 2% of the average net profit of CIL (Standalone) for three immediate preceding financial years or Rs. 2.00 per tonne of total consolidated coal production of CIL as a whole of previous year whichever is higher and
(iii) The unspent amount in the CSR budget in a particular year will not lapse and shall be added tothe CSR budget of subsequent years for CIL and its subsidiaries.
