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Corporate Social Responsibility Policy

Corporate Social Responsibility Policy
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CSR Act amendments: All you need to know

CSR Act amendments: All you need to know
April 30, 2021, 1:11 PM IST
Samheeta Rao is a partner at GameChanger Law Advisors and has worked extensively with several nonprofits and social enterprises operating in the social impact space.
The amendments to the CSR Rules have officially been passed by the Government of India. Here’s a comprehensive list of their implications on corporates and nonprofits.
Impact on corporates
The following activities cannot be included as part of a company’s eligible CSR spend:
Activities which are undertaken in the normal course of business of a company, or those benefitting only its employees. ....

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Fertilizer companies to supply 50 Metric Tons MT of medical oxygen per day for COVID patients Big Move

Fertilizer companies to supply 50 Metric Tons MT of medical oxygen per day for COVID patients Big Move
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New Rules Governing Corporate Social Responsibility - Corporate/Commercial Law

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On January 22, 2021, the Government of India brought into effect
the Companies (Corporate Social Responsibility Policy) Amendment
Rules, 2021 (“
Rules”). The Rules
amended the exiting Companies (Corporate Social Responsibility
Policy) Rules, 2014 (“
Existing
Rules”).
To address the pandemic, the Rules have amended the definition
of Corporate Social Responsibility
(“
CSR”) to clarify that activities
undertaken in pursuance of normal course of business of the company
shall not be included under the ambit of CSR. However, the Rules do
make an exception. Any company engaged in research and development ....

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