AMENDMENT IN COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014

The Central government vide its notification dated 12th September 2014, has make amendments in sub rule (6) of rule 4 of Companies (Corporate Social Responsibility Policy) Rules, 2014 . The amended sub rule (6) of rule 4 of these rules is as follow, amendments are in red colour;

 

Rule 4 : CSR Activities

(6) Companies may build CSR activities of their own personnel as well as those of their Implementing agencies through Institutions with established track record of at least three financial years but such expenditures including expenditure on administrative overhead shall not exceed five percent of total CSR expenditures of the Company in one financial year

You can download the notification from the following link;
http://mca.gov.in/Ministry/pdf/NCA_Rules_12092014.pdf

Thanks & Regards:

KASHIF ALI & ASSOCIATES
Company Secretaries

268, Business India Complex,
Uday Park, New Delhi-110049
Call us: +91 9718483209
Mail:  cs.kashifali@gmail.com

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