Now Government of India in the Ministry of Corporate Affairs has in its notification number 1/15/2013-CL.V dated 27.2.2014 declared that Section 135 of Companies Act 2013 will come into force from 1.4.2013. Incidentally, the old Companies Act 1956 is being replaced by the new Act that received the President's assent last year.
Section 135 deals with Corporate Social Responsibility. It has made mandatory for all companies satisfying certain criteria to invest 2% of its average net profit of last three years for CSR. Hidco, a government company under the Companies Act, comes within the purview of such companies. Permitted CSR activities have also been laid down. Some of these are:
1. Eradicating poverty.
2 Preventive health care
3. Promoting gender equality
4. Setting up old age homes, day care centres and facilities for senior citizens
5. Rural development projects
6. Reducing inequalities faced by socially and economically backward groups
7. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, agroforestry etc.
(There are several other items too in Schedule VII).
In its Board meeting held yesterday, Hidco took the first step in complying with the CSR responsibilities imposed by new Companies Act 2013 by forrming a 3-member Committee of Directors as follows:
1. Debashis Sen, Chairman
2. Ananda Ganguly, Director (Engineering)
3. Dulal Mukherjee, Director
Shri R. Ghosh, Company Secretary will be the convenor.
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Here are three clippings:
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| Today's Telegraph Metro |
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| Today's Anandabazar |
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| Ebela dated 9.4.2014 |
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ReplyDeleteWhat about the cost? who will fund it?State Govt ? Because central govt. allocated fund has already has been send back......
ReplyDelete@Subhadip: Park Circus Parama island flyover funding for the remaining part will be done by State Govt only because Central Govt is not going to bear the escalated cost.
ReplyDeleteFlyover from EM Byepass to New Town over the bheris will perhaps get funded through JNNURM. Mr Sen will be a better person to answer.
A question to Mr Sen: More than a year back , HIDCO floated a tender to appoint a consultant for preparing the DPR of the flyover project from EM Byepass to New town and the newspaper report states that you have commented that survey work is still on !!! Do we really need more than a year to complete the survey, prepare DPR and get the requisite permission?
Also, in case it is being built from somewhere near Metropolitan Cooperative to New Town, we will need another flyover over the Bheris to connect AA -3 with Basanti Expressway. That will connect New town IT Hub with IT Hub in Leather complex as well as provide an alternate route to south Kolkata bound traffic byepassing Science City and Ruby Hospital (road from Bamanghata in Basanti Expressway to Kalikapur on EM Byepass needs to be widened).
Another point, we are NOT building an alternate path / flyover / underground tunnel from New Town to Jessore Road. This should be really taken up with high priority. That will help us in byepassing Airport Gate no 1 Junction ( which faces perpetual traffic snarl). Also Jessore Road is in a horrible mess. . We can think of widening it and building flyovers at MadhyamGram and Barasat Junctions under JNNURM and giving people some respite in the suburbs. I dont think after nearly 70 years of independence, this will be a big ask from the administration.
Sorry if you have felt bad about the caustic comment...but my intention is just to bring the relevant issues to your notice.