In the year 2021, which of the following ministries published the amended rules related to Corporate Social Responsibility (CSR)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Ministry of Corporate Affairs.
- The Ministry of Corporate Affairs (MCA) released revised CSR (corporate social responsibility) regulations in 2021.
- These modifications were intended to improve transparency, fortify the application of CSR, and guarantee improved company compliance.
- Additionally, the revisions provided clarification on topics including CSR funding, reporting obligations, and non-compliance fines.
- The updated regulations aimed to increase the impact and efficacy of CSR programs.