MCA:
Corporate Social Responsibility Policy Rules 2014 (CSR) has been amended:
- Rule 3 (1): A company having any amount in its Unspent Corporate Social Responsibility Account as per sub-section (6) of section 135 shall constitute a CSR Committee and comply with the provisions contained in sub-sections (2) to (6) of the said section.
- Rule (4) (1): Company has to ensure that the CSR activities are undertaken by the company itself or through
- The company established under section 8 of the Act, or a registered public trust or a registered society, exempted under Income Tax Act 1961, established by the company, either singly or along with any other company.
- a company established under section 8 of the Act, or a registered public trust or a registered society, exempted under Income Tax Act 1961, established by the company, either singly or along with any other company
- any entity established under an Act of Parliament or a State legislature
- a company established under section 8 of the Act, or a registered public trust or a registered society, exempted under Income Tax Act 1961, and having an established track record of at least three years in undertaking similar activities
3. Rule (8) (3)( c): A Company undertaking impact assessment may book the expenditure towards Corporate Social Responsibility for that financial year, which shall not exceed two percent (earlier it was 5%) of the total CSR expenditure for that financial year or fifty lakh rupees, whichever is higher (earlier it was whichever is lower) .
4. Annexure II: Format for the Annual report on CSR activities to be included in the board report has been amended
[Notification No. G.S.R. 715(E) dated 20.09.2022]
