The Institute of Chartered Accountants of India (ICAI) along with the Bombay Stock Exchange, under the aegis of Ministry of Corporate Affairs, organized a workshop on ‘Implementing CSR Law – Challenges & Opportunities’ on 10th February, 2017, at the BSE International Convention Hall, Mumbai. MGB empowerCSR was invited to take the technical session on ‘CSR Law in India – Implications & Analysis’ and also the following panel discussion on Challenges in Implementing CSR Law.
Hon. Mohit Shah, retired Chief Justice of Bombay High Court was the Chief Guest at the Workshop and other dignitaries present were Mr. M. K. Shrawat, judicial member of National Company Law Tribunal, Mr. Upasani, ex-chief Secretary of Maharashtra State and advisor in Corporate Law at the Maharashtra Board, Mr. A.K. Chaturvedi, Regional Director, Western Region, Ministry of Corporate Affairs, CA Prafulla Chajjed, Chairman of CSR Committee of ICAI and Mr. Hemant Gupta, CEO, BSE Sammann Ltd., among others.
|Dignitaries at the Inauguration of the Workshop|
|Mr. S. P. Kumar, RoC Mumbai, addressing at the technical session|
The inauguration was followed by technical session with Mr. S.P.Kumar, ROC, Mumbai, Ms. Seema Rath, Deputy Director, MCA and Ms. Devanshi Dwivedi, Lead – Corporate Social Responsibility, MGB empowerCSR. While Ms. Seema Rath from MCA explained the Ministry’s point of view and expectations from corporates, Ms. Devanshi Dwivedi from MGB empowerCSR explained the various implications of the CSR law, especially in non-compliance, accounting & taxation. She also explained the implications of CSR laws for foreign companies and PSUs.
|Mrs. Devanshi Dwivedi, Lead - CSR, MGB empowerCSR, addressing the audience|
The technical session was followed by a panel discussion moderated by Mr. Tarun Mopara, CSR Head, Navneet Education Ltd., with panel members MGB empowerCSR, TISS – CSR National Hub, Reliance Foundation & the Ministry of Corporate Affairs. Various discussions on what were the actual challenges in implementing the CSR Law and solutions for such challenges.
The panel discussion was followed by vote of thanks by Mr. S.P.Kumar, RoC, Mumbai which was followed by high tea & networking.