IICA launches 7th Batch of Postgraduate Insolvency Programme (See 'Corp Brief') Cruise tourism on National Waterways gains momentum with Infrastructure Boost (See 'Corp Brief') IPR - Goodwill for purposes of passing off action, is to be shown in respect of mark and not in respect of particular goods or category of goods: HC (See 'Legal Desk') IICA drives responsible business via research & training (See 'Corp Brief') Deepak Bagla assumes charge as Mission Director, Atal Innovation Mission (See 'Corp Brief') PMLA - PMLA proceedings cannot prevent implementation of resolution plan; albeit, if resolution plan fails, the appellant retains liberty to seek auctioning of properties: Tribunal (See 'Legal Desk') SARFEASI – Tenant can't resist eviction under SARFAESI Act unless tenancy is established before mortgage creation: SC (See 'Legal Desk') SARFEASI - Lease agreements made after property has been mortgaged, do not confer enforceable tenancy rights against secured creditor: SC (See 'Legal Desk') A&C - Clause in agreement that arbitration 'may be sought' to resolve disputes between parties will not constitute binding arbitration agreement: SC (See 'Legal Desk') PMLA - ED can initiate action only upon existence of predicate offence and cannot conduct investigations on its own: HC (See 'Legal Desk') Chouhan inspects modern agricultural equipment, including drones (See 'Corp Brief') IPR - If goods are distinct, having separate trade channels, and there is no likelihood of confusion being caused to public by use of marks, no case of infringment is made out: HC (See 'Legal Desk') Mandaviya inaugurates 'Youth Spiritual Summit' at Varanasi (See 'Corp Brief') IPR - Filing of notice of opposition itself cannot be sufficient ground for Examiner for proceeding with allowing any opposition proceedings: HC (See 'Legal Desk') MoS launches NSCSTI 2.0 Framework for Civil Services Training Standards (See 'Corp Brief') IPR - If trader imports and sells goods bearing trademark of another company, such trader can't sue another authorized dealer of trademark holder for infringement: HC (See 'Legal Desk') IPR - Merely placing slogan prominently on goods/ advertisements, does not suffice to establish same as source identifier, unless consumers associate that phrase uniquely with such goods/ services: HC (See 'Legal Desk') Petroleum dealers must become active partners in Energy Transition: Puri (See 'Corp Brief') SEBI - Accrual of interest upon default is automatic and flows from nature of liability serving to compensate for time value of money and disruption caused by delayed payment, rather than to impose additional punitive burden: SC (See 'Legal Desk') TRAI organises Workshop for rating of Properties for Digital Connectivity (See 'Corp Brief') NI Act - Complaint u/s 138 for dishonour of cheque issued in name of partnership firm is maintainable against individual partners of firm, even when partnership firm is not arrayed as accused: SC (See 'Legal Desk')

Print

IICA drives responsible business via research & training

Published: Jul 22, 2025

By TIOLCorplaws News Service

NEW DELHI, JULY 22, 2025: THE Indian Institute of Corporate Affairs (IICA) under Ministry of Corporate Affairs,  is mandated to undertake academic research, provide capacity building and facilitate advocacy in areas relating to corporate affairs and responsible business conduct.  IICA introduced its programme on responsible business conduct and consequently, it organises the National Conference on Responsible Business Conduct (NCRBC) which is an annual event to facilitate multi-stakeholder dialogue, knowledge exchange, and capacity building on themes relating to responsible business practices. The deliberations at the NCRBC aims at fostering a shared understanding of good practices and encouraging academic enhancements in collective understanding of business responsibility and the conference is not intended to serve as a policymaking or regulatory forum, calling for putting in place a formal follow-up mechanism by the Government.

Business Responsibility and Sustainability Reporting is an approach to drive an organization's commitment to sustainability which was first embedded in the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) released in 2011 and later incorporated in Companies Act, 2013, which envisages wider responsibilities for a Company and its Directors beyond its share holders to its stake holders-employees,community, and environment in keeping with global developments and domestic changes, the NVGs were upgraded and updated as the National Guidelines for Responsible Business Conduct (NGRBC) in 2019.

The essence of Environmental, Social and Governance (ESG) is embedded in the Companies Act, 2013, aligning corporate conduct with sustainability and ethical standards. The key aspects of the Act that promote ESG principles can be found in relevant clauses related to Director's responsibility in their Board Report w.r.t disclosures about energy conservation, appointment of women directors, disclosures on maternity benefit, duties of directors, corporate social responsibility etc. Furthermore, these disclosures are part of the financial statements and the Board of the respective companies are responsible for compliance of applicable disclosures which are required under the Act and rules made there under.For any policy formation, the government consults all the stakeholders.

The Securities and Exchange Board of India (SEBI) had mandated top 500 listed companies by market capitalization to make disclosures on business responsibility and sustainability indicators contained in the NVGs since 2012 through Business Responsibility Reporting(BRRs) which were then later increased to the top 1000 listed companies(by market capitalization) where these companies for the FY2021-22 would voluntarily submit the report on BRSR and mandatorily from FY 2022-23 onwards. Subsequently, vide circulars dated July 12, 2023 and Mar 28, 2025, SEBI has introduced BRSR Core, which contains a limited set of critical / core Key Performance Indicators (KPIs),for which listed entities shall need toobta in assurance/assessment, as per the specified glide path beginning with the top 150 listed entities from FY 2023 - 24, and applicable to the top 1000 listed entities by FY 2026 - 27. Further, SEBI has also introduced ESG disclosures for the value chain of top 250 listed entities on a voluntary basis from FY 2025 - 26 and assurance/assessment of the same on a voluntary basis from FY 2026 - 27. These are applicable to both private and public sector companies.

This information was given by Minister of State in the Ministry of Corporate Affairs; and Minister of State in the Ministry of Road Transport and Highways, Harsh Malhotra in Lok Sabha yesterday.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.