CSR Policy

(1)

The CSR Policy of the company shall, inter-alia, include the following, namely :-

(a)

a list of CSR projects or programs which a company plans to undertake areas or subjects specified in falling within the purview of the Schedule VII of the Act, specifying modalities of execution of such project or programs and implementation schedules for the same; and

(b)

monitoring process of such projects or programs:

Proviso

Provided that the CSR activities does not include the activities undertaken in pursuance of normal course of business of a company.

Proviso

Provided further that the Board of Directors shall ensure that activities included by a company in its Corporate Social Responsibility Policy are related to the areas or subjects specified in Schedule VII activities included in Schedule VII of the Act.

(2)

The CSR Policy of the company shall specify that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a

company.

Notes, amendments & references (4)

6. CSR Policy.- Rule 6 Omitted vide Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 dated 22.01.2021. To view the Notification, Click Here

Substituted vide Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018, dated 19.09.2018. To view the notification, Click Here

Provided that the CSR activities does not include the activities undertaken in pursuance of normal course of business of a company. Omitted vide Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020, dated 24.08.2020. To view the notification, Click Here

further Omitted vide Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020, dated 24.08.2020. To view the notification, Click Here