New Delhi: Corporate Social Responsibility (CSR) spending by Indian companies has crossed ₹1.44 lakh crore over the last five financial years, highlighting sustained growth in development-focused corporate participation. Annual filings submitted by companies to the Ministry of Corporate Affairs (MCA) reveal that development-oriented CSR expenditure between FY 2019-20 and FY…
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MCA Replaces Annual Director KYC With Once-in-Three-Year Filing
In a major compliance reform aimed at easing regulatory burden, the Ministry of Corporate Affairs (MCA) has replaced the annual Know Your Customer (KYC) filing requirement for company directors with a simplified KYC intimation once every three years. The move, notified on December 31, 2025, is expected to significantly reduce…