CSR spending to be voluntary, not mandatory, under new law - Hindustan Times

CSR spending to be voluntary, not mandatory, under new law - Hindustan Times: "The government is unlikely to thrust companies with a mandatory spend on philanthropy as was being debated earlier. The new Companies Bill will make a mention asking companies to spend upto 2% of their net profits on corporate social responsibility (CSR) but may not make it mandatory under a specific
clause. The Parliamentary Standing Committee has, however, underlined the need to mandate firms to spend on philanthropic activities."