Indian Corporate Affairs Ministry to upgrade website for CSR reports

Source: Business Standard, 12 March 2010

The Corporate Affairs Ministry today said it is upgrading its website for enabling companies to file their Corporate Social Responsibility (CSR) reports online.
"The Ministry is in the process of designing an e-form under MCA-21 which will enable the corporates to file their CSR report on the portal of the Ministry," the MCA Secretary R Bandyopadhyay said in a statement.

The move follows the Ministry introducing voluntary guidelines on CSR for companies in December last year.

"The availability of these reports at a single place will enable the Ministry to take policy decisions on this front and also to showcase the responsible business practices of Indian corporate sector to the whole world," the statement said.

Bandyopadhyay said the idea of posting CSR report on the MCA portal was mooted by corporates themselves.