Indian Institute of Corporate Affairs in pact with Grant Thornton

The Indian Institute of Corporate Affairs and Grant Thornton India LLP have signed a memorandum of understanding to develop capacity of Indian companies for effective implementation of the CSR rules laid down in the Companies Act 2013.

Bhaskar Chatterjee, DG and CEO of IICA and Vikesh Harish Mehta, partner, Grant Thornton India LLP, signed the MoU in Delhi today.

''With the notification of the rules, the agenda has been set for knowledge and awareness building and to show the corporates what they can do for national development,'' Chatterjee pointed out.

''IICA creates directional sense and disseminates information. We need partners who share our vision and we are privileged & optimistic to have found GT because this has a kind of connect and synergy that will lead to value creation all around,'' he added.

''The legislation for CSR is a revolutionary concept. Tying up with IICA is a complementary partnership, which will create solid infrastructure for common clients.'' He further said that ''So far regulation had been compliance driven and the new law takes CSR beyond compliance,'' Mehta said.

Rajib Kumar Debnath, executive director, sustainability, CSR and Energy Services, gave an overview of Grant Thornton's orientation towards CSR projects.

Others present at the MoU signing ceremony were Swarnima Chouhan, associate vice president of Grant Thornton, and Atul Dev Sarmah, head of the Centre for Institutional Partnerships and Corporate Communications (IP&CC), Gayatri Subramaniam, CPE, NGO Hub, National Foundation for CSR (NFCSR), Swagata Sen Pillai, Sr programme executive, IP&CC, M Mukesh Kumar, CPE, Data Centre, NFCSR, and Nikhil Pant, L&D, NFCSR from IICA.