INDIAN CLOTHING COMPANIES FACE UP TO NEW MANDATORY RULES ON CSR
September 1st, 2019
India’s new mandatory requirements for corporate social responsibility (CSR) programmes is forcing country’s garment exporters to refocus on their community development schemes and make special provisions to record all the spending.
A Companies (Amendment) Act 2019, adopted by the Indian parliament in July, mandates three-year imprisonment for the officers of the company found to be defaulting on CSR regulations.
And while the central government has subsequently announced it will not operationalise the criminal punishment aspect of the act, related ...
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