It is not mandatory for the corporate sector to spend 2% of the companies' profit on CSR activities, says Moily

The government today said it has not conducted any assessment to ascertain compliance on part of companies to various corporate social responsibility (CSR) guidelines. Apart from certain guidelines for the central public sector enterprises (CPSEs), there are no mandatory guidelines or provisions for spending by Indian companies on CSR activities, Corporate Affairs Minister Veerappa Moily informed the Lok Sabha in a written reply.