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TMI BlogCHAPTER IX-CSR RULESX X X X Extracts X X X X X X X X Extracts X X X X ..... profits. They use CSR to integrate economic, environmental and social objectives with the company's operations and growth. …………………………………………………………………………………………………………………………………………………………................................................ In exercise of the powers conferred under clause (o) and clause (q) of sub-section 3 of Section 134 read with Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to them in the Act. PART II Operating Provisions of the Rules 1. CSR activities may generally be conducted as projects or programmes (either new or ongoing) excluding activities undertaken in pursuance of the normal course of business of a company. The CSR Committee constituted under sec. 135(1), shall prepare the CSR Policy of the company which shall include the following: a. specify the projects and programmes that are to be undertaken. b. prepare a list of CSR projects/programmes which a company plans to undertake during the implementation year , specifying modalities of execution in the areas/sectors chosen and implementation schedules for the same. c. CSR projects/programmes of a company may also focus on integrating business mo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... three years in carrying on activities in related areas. 6. Companies may collaborate or pool resources with other companies to undertake CSR activities and any expenditure incurred on such collaborative efforts would qualify for computing the CSR spending. 7. Only such CSR activities will be taken into consideration as are undertaken within India. 8. Only activities which are not exclusively for the benefit of employees of the company or their family members shall be considered as CSR activity. 9. All companies falling under the provision of Section 135 (1) of the Act shall report, in the prescribed format, the details of their CSR initiatives in the Directors' Report and in the company's website. Annexure - 1 FORMAT FOR THE ANNUAL R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... age Net Profit (INR) of the last 3 financial years, please provide the reasons for not spending the amount 8. A Responsibility statement, of the CSR Committee, that the CSR policy implementation and monitoring thereof is, in letter and spirit, in compliance with CSR objectives. Signed ………………………………………….. (CEO/Managing Director/Director) …………………………………… (Chairman CSR Committee) …………………………………………………&he ..... X X X X Extracts X X X X X X X X Extracts X X X X
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