Webrecommendations of the CSR Committee of the Board as per declared CSR Policy of the company subject to the con-dition that such policy will cover subjects enumerated in Schedule VII of the Act. (d) “CSR Committee” means the Corporate Social Responsibility Com-mittee of the Board referred to in section 135 of the Act. WebSep 8, 2024 · On January 22, 2024, the Ministry of Corporate Affairs (“ MCA ”) notified the amendments made to Section 135 of the Companies Act, 2013 (“ the Act ”), along with …
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WebAccording to section 135 (3) of companies act, 2013 CSR committee can only recommend the amount CSR expenditure to board. further the board may approve CSR expenditure by circular Resolution as recommended by csr committee subject to fullfillment of other conditions specified in sec 175 of companies act, 2013. Comment Comment (0) WebAs a parent company, the Bank’s Corporate Social Responsibility Committee (CSRC) of the Board ensures a transparent monitoring mechanism for implementation of CSR projects / programmes / activities undertaken by the Foundation. The CSRC of the Board sets the direction of the activities of the city center rome
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WebA 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. Applicable Circulars Clarifications with regard to provisions of Corporate Social Responsibility under section 135 of the Companies Act, 2013 Circular No. 21/2014 dated 18-6-2014 WebThe 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 along with any other company, or WebJun 19, 2024 · Through its Circular dated July 30, 2024, the MCA further clarified that companies spending CSR funds for COVID-19 vaccination, for persons other than their own employees and their families, would be considered to be an eligible CSR activity under item (i) of Schedule VII of the Companies Act, 2013. city center rome italy to fco airport