The Companies (Corporate Social Responsibility Policy) Rules, 2014
Dated: 27th February, 2014
G.S.R. 129(E). - In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely: -
1. Short title and commencement. –
(1) These rules may be called the Companies (Corporate Social Responsibility Policy) Rules, 2014.
(2) They shall come into force on the 1st day of April, 2014.
2. Definitions.-
(1) In these rules, unless the context otherwise requires,
(a) "Act" means the Companies Act, 2013;
(b) "Annexure" means the Annexure appended to these rules;
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(c) "Corporate Social Responsibility (CSR)" means and includes but is not limited to :- (i) Projects or programs relating to activities 2 [, areas or subjects] specified in Schedule VII to the Act; or (ii) Projects or programs relating to activities undertaken by the board of directors of a company (Board) in pursuance of recommendations of the CSR Committee of the Board as per declared CSR Policy of the company subject to the condition that such policy will 3 [include activities, areas or subjects specified] in Schedule VII of the Act. |
“(c) Corporate Social Responsibility (CSR)" means the activities undertaken by a Company in pursuance of its statutory obligation laid down in section 135 of the Act in accordance with the provisions contained in these Rules, but shall not include the following, namely i) Activities undertaken in pursuance of normal course of business of the company. ii) Any activity undertaken by the company outside India. iii) Contribution of any amount directly or indirectly to any political party under section 182 of the Act. iv) activities that significantly benefit the employees of the company and their families. Provided that in case of any activity having less than twenty five percent employees as its beneficiary, then such activity shall be deemed to be CSR activity under these rules.”; Suggestion This proviso should be worded as such: Provided that in case of any activity having more than 75% beneficiaries other than employees as its beneficiary , then such activity shall be deemed to be CSR activity under these rules . Reason Because in this way it will be ensured that purpose of the law is clearly defined otherwise in the present form it may be wrongly interpreted as any activity for the benefit of less than 25% of its employees will be considered as CSR ,even if there is no public is involved . |
(d) "CSR Committee" means the Corporate Social Responsibility Committee of the Board
referred to in section 135 of the Act.
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(e) "CSR Policy" relates to the activities to be undertaken by the 4[company in areas or subjects] specified in Schedule VII to the Act and the expenditure thereon, excluding activities undertaken in pursuance of normal course of business of a company; |
“(e) "CSR Policy" means a statement containing the approach and direction given by the board of a company, as per recommendations of its CSR Committee, for selection, implementation and monitoring of activities to be undertaken in areas or subjects specified in Schedule VII of the Act.” |
“(f) “International Organization” means an organization notified by the Central Government as an international organization under section 3 of the United Nations (Privileges and immunities) Act,
1947 (46 of 1947), to which the provisions of the Schedule to the said Act apply.”
(f)(g) "Net profit" means the net profit of a company as per its financial statement prepared
in accordance with the applicable provisions of the Act, but shall not include the following, namely :-
(i) any profit arising from any overseas branch or branches of the company, whether
operated as a separate company or otherwise; and
1 Refer relevant General Circular 01/2016 “Frequently Asked Questions (FAQs) with regard to Corporate Social Responsibility under section 135 of the Companies Act, 2013” vide Notification No. 05/19/2015-CSR dated 12.01.2016.
2 Inserted by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018 w.e.f. 19-09-2018.
3 The words “cover subjects enumerated” substituted by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018 w.e.f. 19-09-2018.
4 The words “company as” substituted by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018 w.e.f. 19-09-2018.
(ii) any dividend received from other companies in India, which are covered under
and complying with the provisions of section 135 of the Act:
Provided that net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of the Companies Act, 1956, (1 of 1956) shall not be required to be re-calculated in accordance with the provisions of the Act:
Provided further that in case of a foreign company covered under these rules, net profit means the net profit of such company as per profit and loss account prepared in terms of clause (a) of sub-section (1) of section 381 read with section 198 of the Act.
(h) “Ongoing Projects” means a multi-year project undertaken by a Company in fulfillment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall also include such projects that were initially not approved as a multi-year project but whose duration has been extended beyond a year by the Board based on reasonable justification.
(i) “Public Authority” means ‘Public Authority’ as defined in subclause (h) of section (2) of Right to Information Act, 2005.”
(2) Words and expressions used and not defined in these rules but defined in the Act shall have the
same meanings respectively assigned to them in the Act.
3. Corporate Social Responsibility. -
(1) Every company including its holding or subsidiary, and a foreign company defined under
clause (42) of section 2 of the Act having its branch office or project office in India, which fulfills
the criteria specified in sub-section (1) of section 135 of the Act shall comply with the provisions
of section 135 of the Act and these rules:
Provided that net worth, turnover or net profit of a foreign company of the Act shall be computed
in accordance with balance sheet and profit and loss account of such company prepared in
accordance with the provisions of clause (a) of sub-section (1) of section 381 and section 198 of the
Act.
(2) Every company which ceases to be a company covered under subsection (1) of section 135 of
the Act for three consecutive financial years shall not be required to -
(a) constitute a CSR Committee; and
(b) comply with the provisions contained in sub-section (2) to (5) ‘subsection (2) to (8)’ of the said section, till such time it meets the criteria specified in sub-section (1) of section 135.
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4. CSR Activities.- (1) The CSR activities shall be undertaken by the company, as per its stated CSR Policy, as projects or programs or activities (either new or ongoing), excluding activities undertaken in pursuance of its normal course of business. 1 [(2) The Board of a company may decide to undertake its CSR activities approved by the CSR Committee, through (a) a company established under section 8 of the Act or a registered trust or a registered society, established by the company, either singly or alongwith any other company, or (b) a company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government or any entity established under an Act of Parliament or a State legislature : Provided that if, the Board of a company decides to undertake its CSR activities through a company established under section 8 of the Act or a registered trust or a registered society, other than those specified in this sub-rule, such company or trust or society shall have an established track record of three years in undertaking similar programs or projects; and the company has specified the projects or programs to be undertaken, the modalities of utilisation of funds of such projects and programs and the monitoring and reporting mechanism.] (3) A company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR Committees of respective companies are in a position to report separately on such projects or programs in accordance with these rules. (4) Subject to provisions of sub-section (5) of section 135 of the Act, the CSR projects or programs or activities undertaken in India only shall amount to CSR Expenditure. (5) The CSR projects or programs or activities that benefit only the employees of the company and their families shall not be considered as CSR activities in accordance with section 135 of the Act. (6) Companies may build CSR capacities of their own personnel as well as those of their Implementing agencies through Institutions with established track records of at least three financial years but such expenditure 1 [including expenditure on administrative overheads,] shall not exceed five percent, of total CSR expenditure of the company in one financial year. (7) Contribution of any amount directly or indirectly to any political party under section 182 ofthe Act, shall not be considered as CSR activity. |
4 “CSR Implementation – (1) The Board shall ensure that the CSR activities are undertaken by the company itself or through: (a) a company established under section 8 of the Act, or (b) any entity established under an Act of Parliament or a State legislature. Provided that such company/entity, covered under clause (a) or (b), shall register itself with the central government for undertaking any CSR activity by filing the e-form CSR-1 with the Registrar along with prescribed fee. Provided further that the provisions of this sub-rule shall not affect the CSR projects or programmes that were approved prior to the commencement of the Companies (CSR Policy) Amendment Rules, 2020. (2) A company may also collaborate with other companies for undertaking projects or programmes or CSR activities in such a manner that the CSR committees of respective companies are in a position to report separately on such projects or programmes in accordance with these rules. (3) A company may engage international organizations for designing, monitoring and evaluation of the CSR projects or programmes as per its CSR policy as well as for capacity building of their own personnel for CSR. Provided that a company may also engage an international organization for implementation of a CSR project subject to prior approval of the central government. (4) Board of a company shall satisfy itself that the funds so disbursed have been utilized for the purpose and in the manner as approved by it and Chief financial Officer or the person responsible for financial management shall certify to the effect . Suggestion : Sub clause (4) be substituted by following: (4) Board of a company shall satisfy itself that the funds so disbursed have been utilized for the purpose and in the manner as approved by it and Chief financial Officer or the person responsible for financial management and Chief Executive Officer or Managing Director and in his absence a Director shall certify to the effect . (5) In case of ongoing projects, the Board of a company shall monitor the implementation of the project with reference to the approved timelines and year wise allocation and shall be competent to make modifications, if any, for smooth implementation of the project within the overall permissible time period. “ |
1 Sub-rule (2) substituted by the Companies (Corporate Social Responsibility Policy) AmendmentRules, 2016 vide Notification No. G.S.R. 540(E) dated 23.05.2016 w.e.f 23-05-2016. Prior to substitution it read as:
“(2) The Board of a company may decide to undertake its CSR activities approved by the CSR Committee, through a registered trust or a registered society or a company established undersection 8 of the Act by the company, either singly or alongwith its holding or subsidiary or associate company, or alongwith any other company or holding or subsidiary or associatecompany of such other company, or otherwise:
Provided that—
(i) if such trust, society or company is not established by the company, either singly or alongwith its holding or subsidiary or associate company, or alongwith any other company or holding orsubsidiary or associate company of such other company shall have an established track record of three years in undertaking similar programs or projects;
(ii) the company has specified the project or programs to be undertaken through these entities,the modalities of utilization of funds on such projects and programs and the monitoring andreporting mechanism.”
5. CSR Committees.-
(1) The companies mentioned in the rule 3 shall constitute CSR Committee as under.
(i) 2 [a company] covered under subsection (1) of section 135 which is not required to
appoint an independent director pursuant to sub-section (4) of section 149 of the Act,
shall have its CSR Committee without such director ;
(ii) a private company having only two directors on its Board shall constitute its CSR
Committee with two such directors;
(iii) with respect to a foreign company covered under these rules, the CSR Committee shall
comprise of at least two persons of which one person shall be as specified under clause
(d) of sub-section (1) of section 380 of the Act and another person shall be nominated
by the foreign company.
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(2) The CSR Committee shall institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company. |
“(2) The CSR Committee shall formulate and recommend to the Board, an annual action plan in pursuance of its CSR policy, which shall include the following: (a) the list of CSR projects or programmes that are approved to be undertaken in areas or subjects specified in Schedule VII of the Act; (b) the manner of execution of such projects or programmes as specified in sub-rule (1) of Rule 4; (c) the modalities of utilization of funds and implementation schedules for the projects or programmes; and (d) monitoring and reporting mechanism for the projects or programmes. (e) Details of need and impact assessment, if any, undertaken by the company.” |
1 Inserted by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2014 vide Notification No. G.S.R. 644(E), dated 12.09.2014 w.e.f. 12-09-2014.
2 The words “an unlisted public company or a private company” substituted by the Companies(Corporate Social Responsibility Policy) Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018 w.e.f. 19-09-2018.
6. CSR Policy. -
(1) The CSR Policy of the company shall, inter-alia, include the following, namely
(a) a list of CSR projects or programs which a company plans to undertake 1 [areas or subjects specified in] the Schedule VII of the Act, specifying modalities of execution of such project or programs and implementation schedules for the same; and
(b) monitoring process of such projects or programs:
Provided that the CSR activities does not include the activities undertaken in pursuance of
normal course of business of a company.
Provided further that the Board of Directors shall ensure that activities included by a company in its Corporate Social Responsibility Policy are related to the 2 [areas or subjects specified in Schedule VII] of the Act.
(2) The CSR Policy of the company shall specify that the surplus arising out of the CSR projects or
programs or activities shall not form part of the business profit of a company.
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7. CSR Expenditure.- CSR expenditure shall include all expenditure including contribution to corpus for projects or programs relating to CSR activities approved by the Board on the recommendation of its CSR Committee, but does not include any expenditure on an item not in conformity or not in line with activities which fall within the 3 [areas or subjects, specified in] Schedule VII of the Act. |
7 “CSR Expenditure: (1) The board shall ensure that the administrative overheads incurred in pursuance of sub-section (4) (b) of section 135 of the Act shall not exceed five percent of total CSR expenditure of the company for the financial year. Provided that a company undertaking impact assessment, in pursuance of sub-rule (3) of Rule 8, may incur administrative overheads not exceeding ten percent of total CSR expenditure for that financial year. (2) Any surplus arising out of the CSR projects or programmes or activities shall not form part of the business profit of a company and shall be ploughed back into the same project or shall be transferred to the Unspent CSR Account and spent in pursuance of CSR policy and action plan of the company. (3) The CSR amount may be spent by a company for creation or acquisition of assets which shall only be held by a company established under section 8 of the Act having charitable objects or a public authority. Provided that any asset created by a company prior to the commencement of Companies (CSR Policy) Amendment Rules, 2020, shall within a period of One hundred and eighty days from such commencement comply with the requirement of this rule, which may be extended by a further period of not more than ninety days with the approval of the board based on reasonable justification. (4)Unspent balance, if any, towards fulfilment of CSR obligation at the time of commencement of these Rules shall be transferred within a period of thirty days from the end of Financial Year 2020-21 to special account viz., ‘Unspent Corporate Social Responsibility Account’ opened by the company and such amount shall be spent by the company in pursuance of its obligation towards the Corporate Social Responsibility Policy within a period of three financial years from the date of such transfer, failing which, the company shall transfer the same to a Fund specified in Schedule VII, within a period of thirty days from the date of completion of the third financial year.” |
8. CSR Reporting.-
(1) The Board's Report of a company covered under these rules pertaining to a financial year
commencing on or after the 1st day of April, 2014 shall include an annual report on CSR
containing particulars specified in Annexure.
(2) In case of a foreign company, the balance sheet filed under sub-clause (b) of sub-section (1)
of section 381 shall contain an Annexure regarding report on CSR.
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9. Display of CSR activities on its website. - The Board of Directors of the company shall, after taking into account the recommendations of CSR Committee, approve the CSR Policy for the company and disclose contents of such policy in its report and the same shall be displayed on the company's website, if any, as per the particulars specified in the Annexure. |
9 “Display of CSR activities on its website: The Board of Directors of the company shall mandatorily disclose the composition of the CSR Committee, and CSR Policy and Projects approved by the Board on their website for public viewing, as per the particulars specified in the Annexure.” |
1 The words “falling within the purview of” substituted by the Companies (Corporate SocialResponsibility Policy) Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018 w.e.f. 19-09-2018.
2 The words “activities included in Schedule VII” substituted by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018w.e.f. 19-09-2018.
3 The words “Purview of” substituted by the Companies (Corporate Social Responsibility Policy)Amendment Rules, 2018 vide Notification No. G.S.R. 895(E) dated 19.09.2018 w.e.f. 19-09-2018
“ Rule 10 :National Unspent Corporate Social Responsibility Fund :
(1) The Central Government shall establish a fund called the “National Unspent Corporate Social Responsibility Fund” (herein after referred as “the Fund”) for the purposes of sub-section (5) and (6) of section 135 of the Act. The Fund shall be utilized for the purposes of undertaking CSR projects in the in areas or subjects specified in schedule VII of the Act.
Provided that until such fund is created the unspent CSR amount in terms of provisions of sub-section (5) and (6) of section 135 of the Act shall be transferred by the company to any fund as specified in schedule VII of the Act.
(2) The manner of administration, authority for administration of the Fund shall be in accordance with such guidelines as may be prescribed by the Central Government from time to time.”
11. In the said rules, in the annexure,-
(i) The e-form CSR-1 shall be inserted, namely:
CSR-1 (Pursuant to section 135 of the Companies
Act, 2013 And Rule4(1) of Companies (CSR Policy) Rules,2014) Registration of Entities for undertaking CSR Activities
[All fields are mandatory]
(All figures are in INR)
Form language English Hindi
1. Name of Entity
2. Nature of the Entity Company established under section 8 of the Companies Act, 2013
Entity established under an act of Parliament or State Legislature
3. CIN of the Entity, if applicable
4. Registered Address of the Entity
(Auto fill in case of Company established under section 8 of the Companies Act, 2013)
5. E-Mail
6. Enter OTP for email ID
7. PAN No. of the Organization
(Auto fill in case of Company established under section 8 of the Companies Act, 2013)
8. GSTIN of the organization
(Auto fill in case of Company established under section 8 of the Companies Act, 2013)
9. Details of Chairman/ President/Secretary, in case of entity established under an act of Parliament or State Legislature:
S .No.
Name
Designation
E-mail ID
10. Attachments:
a. Optional attachment(s), if any
Declaration
I am authorized by the Board of Directors of the Company vide *resolution number______ dated ____ to sign this form and declare that all the requirements of Companies Act, 2013 and the rules made thereunder in respect of the subject matter of this form and matters incidental thereto have been compiled with. I further declare that:
Remove attachment
List of Attachments:
DSC
1. Whatever is stated in this form and in the attachments thereto is true, correct and complete and no information material to the subject matter of this form has been suppressed or concealed and is as per the original records maintained by the company.
2. All the required attachments have been completely and legibly attached.
To be Digitally signed by
Designation
DIN/PAN/Membership number
Certificate by Practicing professional
I declare that I have been duly engaged for the purpose of certification of this form. It is hereby certified that I have gone through the provisions of the Companies Act, 2013 and Rules thereunder for the subject matter of this form and matters incidental thereto and I have verified the above particulars (including attachment(s)) from the original/certified records maintained by the Company/applicant which is subject matter of this form and found them to be true, correct and complete and no information material to this form has been suppressed. I further certify that:
1. The said records have been properly prepared, signed by the required officers of the Company and maintained as per the relevant provisions of the Companies Act, 2013 and were found to be in order;
2. All the required attachments have been completely and legibly attached to this form;
3. It is understood that I shall be liable for action under Section 448 of the Companies Act, 2013 for wrong certification, if any found at any stage
* Chartered Accountant (in whole time practice)
* Company Secretary (in whole time practice)
* Cost Accountant (in whole time practice)
(Whether fellow or associate)
Note: Attention is drawn to provisions of Section 448 and 449 which provide for punishment for false statement / certificate and punishment for false evidence respectively.
This e-Form has been taken on file maintained by the register of companies through electronic mode
on the basis of statement of correctness given by the Director and professional.
Note:- All drop down to be radio buttons.
(ii) For “format for the annual report on CSR activities to be included in the Board’s Report “, the following format shall be substituted, namely:-
ANNEXURE
FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE
BOARD'S REPORT
1. A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs.
2. The Composition of the CSR Committee.
3. Average net profit of the company for last three financial years
4. Prescribed CSR Expenditure (two per cent. Of the amount as in item 3 above)
5. Details of CSR spent during the financial year.
(a) Total amount to be spent for the financial year;
(b) Amount unspent, if any;
(c) Manner in which the amount spent during the financial year is detailed below.
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
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S. No |
CSR project or activity identified |
Sector in which the Project is covered |
Projects or programs (1) Local area or other (2) Specify the State and district where projects or programs was undertaken |
Amount outlay (budget) project or programs wise |
Amount spent on the projects or programs Subheads: (1 (Direct expenditure on projects or programs. (2) Overhead s: |
Cumulative expenditure up to the reporting period. |
Amount spent: Direct or through implementing agency |
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1 |
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2. |
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3. |
*Give details of implementing agency:
6. In case the company has failed to spend the two per cent, of the average net profit of the last three financial years or any part thereof, the company shall provide the reasons for not spending the amount in its Board report.
7. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company.
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Sd/-(Chief Executive Officer or Managing Director or Director ) |
Sd/- (Chairman CSR Committee) |
Sd/ (Person specified under clause (d) sub-section (1) of section 380 of the Act (wherever applicable) |
ANNEXURE
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FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD'S REPORT 1. CSR Policy of the Company 121q 2. Composition of CSR Committee: |
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3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board is disclosed on the website of the company 4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of Rule 8 of Companies (CSR Policy) Rules, 2014, if applicable (attach the report) 5. Average net profit of the company as per section 135(5) 6. (a) Two percent of Average net profit of the company as per section 135(5) (b) Surplus arising out of the CSR projects/ programmes or activities for the financial year (c) Total CSR obligation for the financial year (6a+6b) 7. (a). CSR amount spent / unspent for the financial year:
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(b) . Details of CSR amount spent against ongoing projects for the financial year:
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
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S. No. |
Name of the Project |
Project ID (if available) |
Item from the list of activities in schedule VII |
Local Area (Yes/No) |
Location of the Project |
Project duration |
Amount allocated for the project (in Rs.) |
Amount spent in the Current Financial Year (in Rs.) |
Amount transferred to Unspent CSR Account for the project as per Section 135(6) (in Rs.) |
Mode of Implementation - Direct (Yes/No) |
Mode of Implementation - Through Implementing Agency |
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State |
District |
Name |
CIN |
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(c). Details of CSR amount spent against other than ongoing projects for the financial year:
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
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S. No. |
Name of the Project |
Project ID(if available) |
Item from the list of activities in schedule VII |
Local Area (Yes/No) |
Location of the Project |
Amount Spent for the project (in Rs.) |
Mode of Implementation - Direct (Yes/No) |
Mode of Implementation - Through Implementing Agency |
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State |
District |
Name |
CIN |
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(d). Amount spent in Administrative Overheads
(e). Total Amount Spent for the Financial Year (7b+7c+7d)
8. (a) Details of CSR amount spent/ unspent for the preceding three financial years:
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1 |
2 |
3 |
4 |
5 |
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Preceding Financial Year |
Amount transferred to Unspent CSR Account under section 135 (6) |
Amount Spent in the Current Financial Year(in Rs) |
Amount transferred to National Unspent CSR Fund as per second proviso to Section 135(5), if any |
Amount remaining to be spent in succeeding financial years |
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Amount (in Rs) |
Amount (in Rs) |
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(b) Details of CSR amount spent for ongoing projects of the preceding financial year(s):
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
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S. No. |
Project ID |
Name of the Project |
Item from the list of activities in schedule VII |
Local Area (Yes/No) |
Location of the Project |
Financial Year in which the project was commenced |
Project duration |
Total amount allocated for the project (in Rs.) |
Amount Spent in the Current Financial Year(in Rs) |
Cumulative Amount Spent till Current Financial Year |
Mode of Implementation - Direct (Yes/No) |
Mode of Implementation - Through Implementing Agency |
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State |
District |
Name |
CIN |
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9. Amount transferred to 'Unspent CSR Account' pursuant to sub-rule (4) of Rule 7 of Companies (CSR Policy) Rules, 2014 for the financial year 2014-15 to 2019-20
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S. No. |
Preceding Financial Year |
Amount transferred to Unspent CSR Account under section 135 (6) |
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1 |
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2 |
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Total |
10. In case of creation or acquisition of asset, furnish the details relating to the asset so created or acquired through CSR spent in the financial year.
(a) Date of creation/ acquisition of the asset(s)
(b) Amount of CSR spent for creation /acquisition of asset
(c) Details of the entity/ public authority under whose name such asset is registered, address etc.
(d) Provide details of the property or asset(s) created/ acquired (including complete address and location of the property)
11. Specify the reason(s) if the company has failed to spend two per cent of the average net profit as per section 135(5):
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Sd/- (Chief Executive Officer or Managing director or Director) Suggestion : Chief Executive Officer or Managing director in his absence a Director Reason: This report should be singed by the head of company in only in his absence director should sing to provide the authenticity to the report. |
Sd/- (Director or Chief Financial Officer) Suggestion : Chief Financial Officer or the person responsible for financial management Reason: This report is should be singed by one from Board and another from finance department to provide the authenticity to the report. |
Sd/- (Person specified under clause (d) of sub-section (1) of Section 380 of the Act ) (wherever applicable) |
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