large companies, whether or not they are listed on the stock exchange.
unique features of the Guidelines are discussed below.
responsible and sustainable business practices.
business practices as well as spending (as a form of corporate philanthropy).
more overarching approach towards CSR than the Companies Act and the CSR Rules.
Guidelines in determining the success of this approach towards CSR.
Does that necessarily mean, and inevitably imply, that for any company to be hauled up and/or being called upon to explain in case of non compliance, the empowered authority may have to wait for the qualifying profits to be quantified much after the end of each year, also for the 3 year period end and the audited final accounts are made available?
Has the government already thought of, and truly effective machinery is in place, so also have formulated equally effective measures to keep a satisfactorily good, if not foolproof, track / monitoring of the actual spending, apart from quantitatively, for only the permitted / envisaged purposes?
On the premise that as emphasised in the write-up, in cases of PSUs the aim is also to achieve the avowed objective of “good governance”, to what extent the ultimate responsibility and related answerability of CAG, statutory auditor(s) , the internal management and internal audit/controls , and the like are envisaged/covered in the road map ?
Perhaps, hopefully, some sort of answers must be available, and forthcoming, if and when so inquired into or warranted.