Corporate Updates – 18-01-2016


Ministry of Corporate Affairs (MCA) has issued Frequently Asked Questions on Corporate Social Responsibility (CSR) under section 135 of Companies Act, 2013 touching upon the aspects of CSR having ambiguities for facilitating effective implementation of CSR. The said circular is in continuation to circular earlier issued by MCA. While complying with the Corporate Social Responsibility (CSR) provisions of the Act, Board of the eligible companies are empowered to appraise and approve their CSR policy including CSR projects or programmes or activities to be undertaken. The most prominent ones like claiming of CSR expenditure as business expenditure, carry forward of excess / unspent amount to next financial year and activities which would not qualify as CSR, applicability of CSR on Section 8 Companies, role of Government in monitoring implementation of CSR by companies under the provision of the Companies Act, 2013have been clarified by the Ministry.


With a view to curb the speculative participation and consequent volatility in prices of agricultural commodities, SEBI has reviewed the existing norms related to commodity derivatives markets and has decided to make regulatory changes in the case of trading of agricultural commodities. SEBI has also reviewed the performance and operation of the forward contracts being traded on the Commodity Derivatives Exchanges and as a risk management measure has decided to stop entering into fresh contracts by the participants in Forwards Segment till further orders. However, the existing contracts will be allowed to be settled as per the terms of the contracts. These steps are being taken in the interest of trade and public interest and for instilling confidence of market participants in commodity derivatives markets.

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