COMPANIES WILL REQUIRE SHAREHOLDERS CONSENT FOR CSR ACTIVITIES

To check ad hocism and get more transparency in the system , companies may have to take approval from the shareholders for their philanthropic aspirations.The government has already initiated the process and the New Companies Bill may soon include this condition.

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http://epaper.hindustantimes.com/PUBLICATIONS/HT/HD/2011/05/25/ArticleHtmls/Shareholder-approval-key-for-CSR-activities-25052011703002.shtml?Mode=1