The bank account details of IIT Kanpur for receiving CSR fund are as follows:
|Account Number :||30530707580|
|Name of the Account :||Corporate Research Fund Account, IIT Kanpur|
|Name of the Bank :||State Bank of India, IIT Campus Branch|
|Bank Address :||Indian Institute of Technology Kanpur Campus Branch,
IIT Kanpur, Kanpur (Uttar Pradesh)
PIN - 208 016
|IFS Code :||SBIN0001161|
Apart from the templates of Corporate Social Responsibility (CSR) MoU or Agreement displayed on the website of this office, we also accept other Corporate’s MoU or Agreements subject to review and clearance by the CSR team of DoRA office.
The following guidelines need to be followed while drafting a Corporate Social Responsibility (CSR) MoU or Agreement:
The Corporate Social Responsibility (CSR) Memorandum of Understanding (MoU) or Agreement has to be drafted in a professional manner so as all the legal and binding terms are covered in it.
The document has to comprise the following clauses and the same need to be mentioned in well-defined manner:
Intellectual Property Rights (IPR): It is an intangible asset plays a significant role in building an Institution. It is also an important tool in economic growth and corporate donor tries to acquire it with the intention to get an advantage of monopoly profit. The Institute should try to keep its rights intact as far as possible.
The corporate contributing as per the mandate CSR policy is also availing tax benefits against the contribution. Hence, both benefits i.e. tax exemption and IPR cannot be given to corporate donor.
Payment and Others: The release of payment must be clearly stated. In this regard, the usual norms are as follows: