Tag: CSR
ICAI FAQs on Accounting for amounts to be incurred towards CSR pursuant to Companies (CSR Policy) Amendment Rules 2021 The Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) has issued the following FAQ: Frequently Asked Question on Accounting for amounts to be …
MCA Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’,‘ establishment of medical oxygen generation and storage plants’ etc. General Circular No. 09/2021 E-file no. CSR-01/5/2021-CSR-MCAGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Marg, New …
Spending of CSR funds for ‘setting up makeshift hospitals and temporary COVID Care facilities ‘ is an eligible CSR activity under Schedule VII of the Companies Act, 2013 General Circular No. 05/2021 E-file no. CSR-10 /9/2020-CSR-MCAGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, …
Sanction for prosecution accorded in 366 cases in violation of CSR provisions The Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha stated that whenever any violation of CSR provisions is reported, action against such non-compliant Companies are …
Companies (Corporate Social Responsibility Policy) Amendment Rules 2021 The MCA has made major changes to the provisions related to Corporate Social Responsibility (CSR) under section 135 of the Companies Act 2013 and CSR Policy Rules 2014. The Key amendments made include: (1) Corporate Social Responsibility CSR has been …
ICAI Hand book on Audit of CSR Activities Under the provisions of section 135 of the Companies Act 2013 its is mandatory for Companies to take up Corporate Social Responsibility (CSR) projects on various social welfare activities provided and/or notified by MCA. ICAI Hand book on Audit of …
Research and development activity of Covid-19 vaccine, drugs and medical devices brought under CSR Policy of companies MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2020 G.S.R. 526(E).—In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section …
Contribution to more R&D activities brought under CSR by amending Schedule-VII of the Companies Act 2013 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2020 G.S.R.525(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the …
ICAI Technical Guide on Accounting for Expenditure on CSR Activities ICAI has released the Technical Guide on Accounting for Expenditure on Corporate Social Responsibility Activities on 1st July, 2020. This Technical Guide provides guidance on accounting for expenditure on CSR activities in accordance with the requirements of the …
Clarification on CSR contribution to PM CARES Fund General Circular No. 25 /2020 F.No. 13/ 18/ 2019-CSRGovernment of India Ministry of Corporate Affairs 5th Floor, “A” Wing, Shastri Bhawan Dr . Rajendra Prasad Road, New Delhi-110001 25th June, 2020 To,All Stakeholders Subject : Clarification on CSR contribution to …