WebFeb 13, 2024 · Provided that for the preceding year (2024-2024), Form CSR-2 shall be filed separately on or before 31st March, 2024, after filing form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.” The long-awaited amendments to the CSR provisions brought by the Companies (Amendment) Act, 2024, (‘CAA, 2024’) have finally been made effective by MCA, vide its notification dated January 22, 2024. Along with this, MCA has notified the Companies (Corporate Social Responsibility Policy) … See more 1. When will the Amendment Rules be effective? The Amendment Rules have been notified with immediate effect and thus would be applicable with effect from the date of the … See more 8. In situations where the CSR spending is less than 50 lakhs, whether the existing CSR committee will be dissolved or is required to continue? Section 135(9) and Rule 3(2) are slightly … See more 3.What are the implications of not spending post the amendments coming into effect? The proposed amendments intend to switch the CSR mechanism from “comply or explain” i.e. COREX to a “comply or pay … See more 9.Which all activities would not qualify as CSR expenditure as per the new definition of ‘Corporate Social Responsibility’ defined in the Amendment Rules? Rule 2(1)(d) of the … See more
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WebApr 14, 2024 · CSR Amendment Rules 2024. Every company that fulfils the conditions set out under Section 135 of the Companies Act, 2013 (‘Act’) has to spend at least 2% of their average net profits made during the three previous financial years towards the Corporate Social Responsibility (CSR) in the current financial year. WebVinod Kothari & Company Practising Company Secretaries 13. What is the meaning of ‘ongoing project’? ... Rules, 2024 (Amendment Rules). CSR has recently been a subject receiving close review by regulators. With the recent amendments in place, including the amendments introduced by the Amendment Act, 2024 and **, read with these … how an resp works
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WebJan 27, 2024 · On 22 January 2024, the Ministry of Corporate Affairs notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2024. These amendments have introduced some significant changes that require better understanding to … http://www.lawstreetindia.com/experts/column?sid=545 WebA short snapshot of the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2024 can be viewed here: http://vinodkothari.com/2024/01/32315/ 2. Our detailed analysis on the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2024 can be viewed here: http://vinodkothari.com/…/csr-comply-or-suffer-provisions-…/ how a nox sensor works