Tighter Grip

THE NEW CSR NORMS WILL FORCE COMPANIES TO FOCUS ON SHORT-TERM PROJECTS.

- Sonal Khetarpal

THE PARLIAMENT RECENTLY passed amendments to the Companies Act that aim to strengthen laws that govern corporate social responsibility (CSR). It is now not only mandatory, like tax, there is also a regulator that will arm twist companies in case of non-compliance and penalise them, taking us back to inspector raj.