WebFeb 5, 2024 · Section 27 of the Companies (Amendment) Act, 2024. c. Section 21 of the Companies (Amendment) Act, 2024. Key highlights of these amendments are as … WebFeb 14, 2024 · Corporate Social Responsibility was, for the first time, introduced as a statutory obligation for all the companies by enacting the Companies Act 2013 (Section 135 is related to CSR). The Companies Amendment Acts of 2024 and 2024 have consequently resulted in some tectonic changes in the CSR provision as per Section 135 of the …
MCA amended CSR provisions under the Companies Act, 2013 - KPMG
WebMar 23, 2024 · On March 13th, 2024, the Ministry of Corporate Affairs (MCA) published the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2024. These rules have been made available for public feedback until April 10th, 2024 and the MCA is seeking our inputs on them. The rules have been drafted to put into action the 2024 … WebFeb 1, 2024 · CSR Amendment 2024: Impact assessment. The CSR amendment has thrown a focus on the need for companies to define and measure the impact of their larger CSR programs. Here are the most important points you must know: Impact assessment is only mandatory for companies with CSR obligations of INR10 crore with projects of INR1 … list to the left side
ANALYSIS OF CSR AMENDMENT RULES, 2024
WebFeb 13, 2024 · CSR Amendment Rules, 2024: A New Paradigm. Sonali Jain. 12 Feb 2024 9:05 PM. The concept of Corporate Social Responsibility (hereinafter referred as … WebFeb 2, 2024 · 7. Introduction of Rule 10 - Transfer of unspent CSR Amount. The 2024 Amendment has introduced a New Rule 10 requiring companies to transfer the unspent CSR amount to any fund already mentioned ... According to the latest amendment, the following expenditure will now be included in the list of CSR activities: 1. Research & development of new vaccines, medication, and medical devices related to COVID-19 in the firm’s normal course of business 2. Overseas training of Indian sports personnel representing … See more A company’s CSR Policy needs to mandatorily include: 1. List of CSR projects that are approved to be undertaken 2. The manner of execution of such projects 3. The details of utilization of funds for the projects … See more The 2024 CSR amendment mandates that every company must disclose the following: 1. Composition of the CSR Committee 2. The CSR Policy 3. Projects approved by the Board See more Under the new rules, “Administrative Overheads” will only include expenses directly incurred by the company on “ general management … See more A significant departure from the erstwhile CSR policy, non-compliance to the CSR rules and obligations will no longer be treated as a criminal … See more impact sports richmond va