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[Corporate Social Focus] CSR in India: A new ball game

The CSR clause in the Companies Act, 2013, has major implications for the social sector. It opens up endless possibilities for social organizations to scale up their operations and reach out to a wider number of beneficiaries. There has also been a focus on the role of social enterprises in the implementation of CSR programs.

However, a couple of crucial questions arise:
1. Are social organizations, and the social sector as a whole, ready to absorb this inflow of funds and translate it into greater impact?
2. Are companies equipped to make the right decisions and develop sustainable CSR programs? How will they find the right implementation partners?

The implications of the Act are captured by Krishnan Neelakantan, MD of Samhita Social Ventures in Corporate Social Focus’ first edition. Click here to read the article.

 

[The Economic Times] Start-ups & online portals advising companies on how to invest strategically in CSR

Samhita Social Ventures is featured in this Economic Times article which profiles its business model as well as its online networking portal – the CSR Marketplace.

The CSR Marketplace is a platform for companies, social enterprises and NGOs to engage and interact with one another, thereby laying the foundations for long-term partnerships around business as well as social development initiatives.

To read the full article,  click here 

A workshop on fundraising

Deadline: March 28, 2014

Attend if you are interested in getting into a social enterprise or setting up a social enterprise!

This workshop will cover information about:

  • What comprises a social enterprise
  • Discussion of non profit and for profit business models that have high impact
  • Best practices around building a social enterprise

RSVP is a must!

UnLtd India is an incubator for social entrepreneurs that find fund and support early-stage social entrepreneurs to help them:

  • Develop as leaders
  • Accelerate their impact
  • Prepare their organisations for scaling and further investment

UnLtd India is conducting a series of workshops geared to build your skills to launch a high impact organization. If you are a passionate individual and committed to building a social enterprise (for profits, non-profits or hybrids), come along to the workshop(s) that suits you!

Since 2007, UnLtd India has supported over 100 organizations and over 170 individuals to develop their social impact vision into reality.

Event details
Date: April 10, 2014
Time: 6:30 PM to 8:00 PM
Address: Equal Community Foundation Office,
B-14 Sharadaram Park, Next to Courtyard Marriott
Opposite Ruby Hospital, Sassoon Road
Pune, Maharashtra –  411001

RSVP for the event here

A workshop on impact assessment

Deadline: April 3, 2014

Attend if you are a social entrepreneur!

UnLtd India is an incubator for social entrepreneurs that finds funds and supports early-stage social entrepreneurs to help them:

  • Develop as leaders
  • Accelerate their impact
  • Prepare their organizations for scaling and further investment

UnLtd India is conducting a series of workshops geared to build your skills to launch a high impact organization. If you are a passionate individual and committed to building a social enterprise (for profits, non-profits or hybrids), come along to the workshop(s) that suits you!

Since 2007, UnLtd India has supported over 100 organizations and over 170 individuals to develop their social impact vision into reality.

Event details:
Date: April 3, 2014
Time: 6:30 PM to 8:00 PM
Address: UnLtd India Office
3rd Floor, Candelar Building
Mount Mary STEPS, Bandra (West)
Mumbai, Maharashtra – 400050

Please RSVP for the event here

Highlights of the mandatory CSR provision in the Companies Act, 2013

On February 27, 2014, the Ministry of Corporate Affairs notified the rules for Section 135 of the Companies Act 2013 which pertains to the mandatory CSR provision for companies. The CSR provision will come into effect from April 1, 2014.

As per the provisions of Section 135, a company with a turnover of INR 1,000 crore or more or of a net-worth of INR 500 crore or more or net profit of INR 5 crore or more is required to spend at least 2% of its average net profit of the past three years on CSR activities. Further, the Act provides that if, for any reason, a company is unable to spend 2% of their average net profit on CSR, they are required to explain the reason for not doing the same.

In order to provide clarity on the rules, Samhita Social Ventures has prepared a brief document highlighting the workings and implications of the CSR provision. You can view the document here.

For a more detailed interpretation of the CSR provision by Samhita’s Managing Director Krishnan Neelakantan, click here.