Corporate Social Responsibility (CSR) has been introduced under Section 135, of the Companies Act, 2013 and is primarily governed by the Companies (Corporate Social Responsibility Policy) Rules, 2014. The CSR concept is based on the ideology of “give and take”.
Every qualifying company requires to spend at least 2% of its average net profit for the immediately preceding 3 financial years on CSR activities. Further, the qualifying company will be required to constitute a committee (CSR Committee) of the Board
of Directors (Board) consisting of 3 or more directors.
The Corporate Social Responsibility committee requires to-
Legasis has simplified the adherence to Corporate Social Reporting (“CSR”) by allowing a specialized reporting in the Legatrix tool. CSR is applicable to the companies having net worth of Rs 500 crore or more; or turnover of the Rs 1000 crore or more; or net profit of Rs 5 crore or more. This CSR manual helps the companies in improving the society thereby making a positive contribution in the development of our economy.
Legasis Services has developed Pranali, a tech-based CSR monitoring and reporting solution. Our IT enabled system and knowledge base enables the creation of a Centralised Monitoring Mechanism for tracking and reporting the CSR Activities.
The customised solution assists in: