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On Record/CSR* Clause in New Companies Bill

CSR* Clause in New Companies Bill: Who said what
     Print Edition: Sep 15, 2013

"CSR has been so narrowly defined within companies... now they will feel that they better follow the letter of the law"
Rohini Nilekani, Chairperson and Founder, Arghyam, in Mint

Shardul Shroff, Managing Partner, Amarchand Mangaldas, in Mint
Shardul Shroff, Managing Partner, Amarchand Mangaldas, in Mint
"Most companies fear the obligation will eventually snowball into becoming a mandatory provision"
Shardul Shroff, Managing Partner, Amarchand Mangaldas, in Mint

Sachin Pilot, Corporate Affairs Minister, in The Times of India
Sachin Pilot, Corporate Affairs Minister, in The Times of India
"India perhaps is the first country in the world to have CSR in its statute… This is the company's money. They have full freedom to choose how they want to spend that money"
Sachin Pilot, Corporate Affairs Minister, in The Times of India


Rana Kapoor, CEO, YES Bank, in The Hindu Business Line
Rana Kapoor, CEO, YES Bank, in The Hindu Business Line
"It will provide regulatory clarity and a framework for organisations to deliver on their CSR goals within the larger social and environmental sustainability context"
Rana Kapoor, CEO, YES Bank, in The Hindu Business Line

Subroto Bagchi, Chairman, MindTree, in DNA
Subroto Bagchi, Chairman, MindTree, in DNA
"This is a good opportunity for corporates to show that they care. Now that it has become a rule, some companies will now need to go beyond their internal boundaries"
Subroto Bagchi,  Chairman, MindTree, in DNA

*Corporate social responsibility

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