CSR Amendment Rules

Highlights of Companies (CSR Policy) Amendment Rules, 2021

  • Implementation – CSR activities can be undertaken through implementing agencies registered with MCA only by Filing of Form CSR-1 wef 01-04-2021
  • ReportingImpact Assessment of CSR projects having outlay > 1 cr. by companies having CSR obligation >= 10 cr. through independent agency
  • Website disclosure – Mandatorily disclosure of the composition of the CSR Committee, and CSR Policy and Projects approved by the Board on their website
  • CSR Expenditure – ‘Administrative Overheads’ as defined not to exceed 5% of Total CSR Expenditure
  • Unspent CSR – Spend atleast 2% of the average Net Profits or Unspent amount on ongoing projects has to be transferred to separate account to be spent later or in prescribed funds within 6 months from end of FY
  • Penal provisions for non-compliance of CSR provisions
  • Disclosure of ‘Annual Report on CSR Activities’ to be included in Board’s report


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