Companies to furnish report on Corporate Social Responsibility from FY 2020-21 onwards. Companies (Accounts) Amendment Rules 2022
The MAC has notified the Companies (Accounts) Amendment Rules, 2022 by amending the Companies (Accounts) Rules, 2014.
It has been provided that every company covered under Corporate Social Responsibility (CSR) under the provisions of sub-section (1) to section 135 shall furnish a report on Corporate Social Responsibility to ROC.
The CSR report shall be furnished in Form CSR-2 to the Registrar for the preceding financial year 2020-2021 and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.
It has been clarified that for the preceding financial year 2020-2021, Form CSR-2 shall be filed separately on or before 31st March 2022, after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.
Download Notification Click Here >>
- No protective addition required when additions is confirmed in hands of searched person – ITAT
- Limitation u/s 34 of Arbitration Act commences on disposal of application u/s 33 by Arbitral Tribunal – SC
- Case remanded in absence of finding if disallowance u/s 40A(3) covered by Rule 6DD
- For investment in share capital, source of investment is outside the control of the investee company
- ICAI issues revised Code of Ethics (13th edition)- Applicable Dates
