INTRODUCTION OF FORM CSR- 2 – Annual reporting
THE COMPANIES (ACCOUNTS) AMENDMENT RULES, 2022 – INTRODUCTION OF FORM CSR- 2 The Ministry of Corporate Affairs (MCA) vide Notification dated February 11, 2022, has issued ‘Companies (Accounts) Amendment Rules, 2022 the Companies (Accounts) Rules, 2014. The Amendment Rules: Inserts new-sub rule 1A in Rule 12 in Companies (Accounts) Rules, 2014 Adds a new form – form […]
MCA clarification on offsetting the excess CSR spent on “PM CARES Fund” for FY 2019-20
The Ministry of Corporate Affairs (“MCA”) vide a Circular dated 20.05.2021 (“aforesaid circular”) has issued a clarification for offsetting the excess Corporate Social Responsibility (“CSR”) contribution spent for FY 2019-20. The MCA has clarified with the aforesaid circular for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of […]
CLARIFICATION ON SPENDING OF CSR FUNDS FOR SETTING UP MAKESHIFT HOSPITALS AND TEMPORARY COVID CARE FACILITIES
Ministry of Corporate Affairs (“MCA”) has issued clarification by circular no 05/ 2021 dated April 22, 2021, on the spending of CSR funds for setting makeshift hospitals and temporary COVID care centres in continuation to the MCA’s General Circular No. 10/2020 dated March 23, 2020, wherein it was clarified that spending of CSR funds for […]
REGISTRATION OF ENTITIES FOR UNDERTAKING CSR ACTIVITIES – FORM CSR-1
INTRODUCTION & PURPOSE The Ministry of Corporate Affairs (MCA) has announced new Corporate Social Responsibility (CSR) rules which shall be known as Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. As per the new provisions, every entity that intends to undertake any CSR activity will have to register itself with the Central Government by filing […]