Collaborate with us for CSR initiatives

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As part of the CSR mandate under Section 135 of the Companies Act 2013, Corporates can associate with FITT to implement projects in relevant technology area and /or fund the technology incubation program at IIT Delhi.

Corporate Social Responsibility Rules

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Every company having

• a net worth of INR 500 crore or more,
• or turnover of INR 1000 crore or more
• or a net profit of INR 5 crore or more

during the immediately preceding financial year is subject to the provisions related to Corporate Social Responsibility (“CSR”) under the Section 135 of the Companies Act, 2013 (the “Act“) and is expected to spend 2% of the average net profits towards CSR Projects.

The CSR related provisions of the Act are applicable to not just companies incorporated in India, but also to a foreign company that has its branch or project office in India.

Under Section 135, Schedule VII [clause (ix)] of the Companies Act, 2013, the following are eligible as CSR projects

Contribution to Incubators funded

• by Central Government
• or State Government
• or any agency or Public Sector Undertaking
  • of Central Governmentor
  • or State Government

and contributions to conducting research in

• science,
• technology
• engineering
• and medicine

aimed at promoting Sustainable Development Goals (SDGs)* at

• public funded Universities,
• Indian Institute of Technology (IITs),
• National Laboratories
• and Autonomous Bodies established under the auspices of
  • Indian Council of Agricultural Research (ICAR)
  • Indian Council of Medical Research (ICMR)
  • Council of Scientific and Industrial Research (CSIR)
  • Department of Atomic Energy (DAE), Defence
  • Research and Development Organisation (DRDO)
  • Department of Science and Technology (DST)
  • Ministry of Electronics and Information Technology (MEITY)

*In September 2015, the General Assembly had adopted the 2030 Agenda for Sustainable Development that includes 17 Sustainable Development Goals (SDGs). The 17 sustainable development goals (SDGs) to transform our world are: