Section 135 and schedule vii of the companies act 2013
An overview of CSR Rules under Companies Act, 2013
Section , Schedule VII and CSR Rules. Bombay Enactment of Companies Act, by the Ministry of Corporate Affairs, Government of.and
The CSR activities should not be undertaken in the normal course of business and must be with respect to any of the activities mentioned in Schedule VII of the Act. Contributions to any political party are not considered to be a CSR activity and only activities in India would be considered for CSR expenditure. Ans: The board forms a CSR committee that a formulates and recommends to the Board a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII; b recommends the amount of expenditure to be incurred on the activities; and c monitors the Corporate Social Responsibility Policy of the company from time to time. After discussions with corporates; RF I will provide the required due diligence documents of RF I to clubs for onward submission to corporates. Ans: TRF donor recognition is available to the owner of the corporate as per the amount of gift which is detailed below:. The reporting deadlines will be for activities up to 30 September by 30 November and for activities up to 31 March by 31 May.
Section shall not apply for a period of five years from the commencement […]. Section shall not apply for a period of five years from the commencement of business of a Specified IFSC private company, vide Notification No. Provided that the company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities:. Provided further that if the company fails to spend such amount, the Board shall, in its report made under clause o of sub-section 3 of section , specify the reasons for not spending the amount. Rule 1.
Schedule VII. See sections Activities which may be included by companies in their Corporate Social. Responsibility Policies. Activities relating to:—.