Companies Act

Companies Corporate Social Responsibility Policy Amendment Rules 2018 MCA Notification

Companies Corporate Social Responsibility Policy Amendment Rules 2018. Substitution of areas or subjects in place of activities

[To be published in the Gazette of India, Extraordinary, part II, section 3, sub­ section (i)]

GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 19th September, 2018

GSR..(E).- In exercise of the powers conferred by section 135 and sub­ sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely:-

Short title and – (1) These rules may be called the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Corporate Social Responsibility Policy) Rules, 2014,-

(1) in rule 2,-

(a) in sub-rule (1), in sub-clause (i) of clause (c), after the words “relating to activities”, the words”, areas or subjects” shall be inserted;

(b) in sub-rule (1), in sub-clause (ii) of clause (c), for the words “cover subjects enumerated”, the words “include activities, areas or subjects specified” shall be substituted;

(c) in sub-rule (1), in clause (e), for the words “company as”, the words “company in areas or subjects “shall be substituted.

(2) in rule 5, in clause (i) of sub rule (1), for the words “an unlisted public company or a private company”, the words “a company” shall be substituted.

(3) In rule 6, –

(a) in sub-rule (1), in clause (a), for the words “falling within the purview of” the words “areas or subjects specified in” shall be substituted;

(b) in sub-rule (1), in second proviso to clause (b), for the words, “activities included in Schedule VII” the words “areas or subjects specified in Schedule VII” shall be substituted.

(4) in rule 7, for the words, “purview of”, the words “areas or subjects, specified in” shall be substituted

[File No. 05/03/2018-CSR]

(K.V. R. Murty)
Joint Secretary to the Government of India

Note. The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 129(E), dated the 27th February, 2014 and were subsequently amended by notification number G.S.R. 644(E), dated the 12th September, 2014, notification number G.S.R. 43(E), dated the 19th January, 2015 and notification number G.S.R. 540 (E) dated 23rd May, 2016.

 

Share

Recent Posts

  • Income Tax

During pendency before settlement commission, assessee have right to contest assessment

The contention that during the pendency of case before settlement commission, the assessee must give up his right to contest…

1 hour ago
  • Income Tax

Entire amount of undisclosed money cannot be treated income but only profit embedded

Entire amount of undisclosed money cannot be treated as income and only estimated profit embedded in these transactions may only…

8 hours ago
  • GST

Penalty confirmed as loading point of the goods was different as declared in E- Way Bill

Penalty confirmed as loading point of the goods loaded in vehicle was different as declared in E- Way Bill which…

24 hours ago
  • Income Tax

Notice u/s 143(2) send by email fifty seconds before signing by AO not a legal notice

Notice u/s 143(2) send by email fifty seconds before signing by the Assessing Officer was not a legal notice -…

1 day ago
  • Income Tax

Amount shown payable & receivable by both parties, not unexplained money – ITAT

Once investment amount reflected as payable and receivable in the books of accounts of both parties, no addition can be…

1 day ago
  • Income Tax

Consolidated satisfaction note for all assessment years fatal to jurisdiction u/s 153C

Recording consolidated satisfaction note for various assessment years is fatal to the very assumption of jurisdiction under section 153C -…

1 day ago