Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.
CSR Amendment Rules – BIG CHANGES coming into effect
– Mandatory CSR project registration in Form CSR-1 w.e.f. April 1, 2021
– Impact Assessment for big CSR projects
– Carry forward and set off of CSR expenditure
– Annual action plan for CSR by Board every year in addition to CSR policy
– Tweaks in reporting formats of Board Report
– Mandatory disclosure of CSR projects and activities on website of company, if any
– Capital Asset acquisition and its holding restricted to three bodies broadly
– Transfer of unspent amount to Govt notified fund in Schedule VII, unless specific fund is notified.
For more information please see below link:
CAA 2019 section 21 commencement
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