Ministry of Corporate Affairs Amends CSR Norms To Further CSR Objectives: ELP Analysis

The Legal Library section collates quality and in-depth reports on regulatory developments, court rulings and policy changes authored by India’s top law firms and consultants. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of law and policy..ELP Update.With the objective of providing wider and clearer regulation for companies complying with Corporate Social Responsibility norms under the Companies Act, 2013, Ministry of Corporate Affairs has amended the Companies (Corporate Social Responsibility Policy) Rules, 2014. The amendments include the following changes: A company having any amount in its Unspent Corporate Social Responsibility Account related to ongoing projects shall constitute a CSR Committee to comply with the CSR norms under CA2013;Removal of exemption from complying with CSR norms given to certain companies which ceased to come within the purview of Section 135;Clarity on implementing agencies which can carry out CSR activities;Changes in the amount that can be booked as expenditure towards Corporate Social Responsibility for companies undertaking impact assessment;New format for the Annual Report on CSR Activities has been provided along with revision of e-form CSR–1..Click on the attachment to read the full report:.DISCLAIMERThis alert does not constitute legal advice and is for information purpose only. This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ministry of Corporate Affairs Amends CSR Norms To Further CSR Objectives: ELP Analysis

MCA tweaks rules for CSR amount remaining unspent relating to ongoing projects.

Choose a plan