Hi All,
Hope all are safe and healthy.
Need a small Clarification.
Can a Private limited Company Donate a fund to Sec 8 Company as CSR Expenditure, where the Sec 8 Company is less than one year old? Is this possible or else what the consequences?
As far as track record (minimum 3 years) is concerned only for those section 8 co. Or registered trust or society which is not covered under CSR Rule 4(2)a and b.
A. If the section 8 co. Incorporate by company itself or with some other company or
B. Section 8 co. Is incorporated by central govt or state govt .
For the above mentioned point A and B no requirement of minimum track record.
CAclubindia
