WebApr 17, 2024 · Corporate Social Responsibility (CSR) ... Section 135 of the 2013 Act, if a company does not spend the CSR amount, it can retain such amount after identifying an ongoing project. Ongoing projects have been defined under the New Rules as a multi-year project, but they cannot be longer than 3 years, excluding the year of … http://www.csr.gov.in/content/csr/global/master/home/home.html
FAQs On The New CSR Law Amendments - Samhita
WebJun 15, 2024 · On January 22, 2024, the Companies (Corporate Social Responsibility Policy) Amendment Rules (“New CSR Rules”) incorporated the changes from the amendments to make considerable alterations. The 2024 Amendment has shed light upon the treatment of any unspent CSR amount remaining from any ‘ongoing project.’. … WebJan 23, 2024 · This sub-section now requires companies having ongoing projects to transfer unspent CSR funds within a period of thirty days from the end of the financial year to a special account to be opened by the company in that behalf for that financial year in any scheduled bank to be called the “Unspent Corporate Social Responsibility Account”, … orange slow feeder
FAQ on Latest Amendments for Corporate Social Responsibility in India ...
From Fortune 100 media companies to microbreweries, Submittable helps companies of all sizes and industries run meaningful CSR programs that bring value to their communities … See more Web24. What is the responsibility of the Board in case any ongoing project is undertaken by the company? 12 25. What will happen if the company fails to spend the amount retained for ongoing projects? ..... 12 26. Are the any restrictions on utilization of the money in the special account or can it be used for WebJan 17, 2024 · Tata Chemicals CSR expenditure summary. Two percent of the company’s average net profit for the past three years was calculated at Rs 18.51 crore. But the company’s total spending on CSR amounted to around Rs. 21 crores, which is 2.26% of the average profit after taxes. CSR amount spent against ongoing projects for the financial … orange slip on shoes women