WebOct 20, 2024 · Yes, the excess CSR spending can be set off against the required 2% CSR expenditure up to the immediately succeeding three financial years subject to … WebFeb 16, 2024 · Unspent amount – Amount paid to implementing agency for CSR projects, but not ‘spent’ by the agency as required under the CSR Rules, would be treated as ‘unspent’ amount and be treated accordingly. All rules (that is, transfer of unspent amount within 6 months of the end of financial year, etc.) would apply in cases where the amount ...
CSR spending of companies under scrutiny from April 2024
WebJan 8, 2024 · As per section 135 of Companies Act, 2013 (“Companies Act”), every company having net worth of INR 500 crore or more, or turnover of INR 1000 crore or … WebApr 13, 2024 · Further, the entities should have spent at least one crore rupees or more in the preceding financial year on CSR activities, or should have an obligation to spend such amount under Section 135 of ... philosophy ai
Monetary penalty for flouting CSR regulations kicks in Mint
Web“RESOLVED THAT pursuant to the provisions of Section 135 of the Companies Act, 2013 and Rule 5 of the Companies (Corporate Social Responsibility) Rules, 2014 and any other applicable provisions of Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force), the draft … WebMay 12, 2024 · Pursuant to the amendment rules, companies are required to spend the required amount (2% of average net profits of the company made during the three … WebSep 22, 2024 · The government has asked companies having any amount in their unspent corporate social responsibility accounts to set up a CSR committee. To this effect, the government has amended rules governing corporate social responsibility (CSR), according to an official notification issued by the Ministry of Corporate Affairs. Under the … philosophy a fidenza