What is CSR mode and medium of CSR spending? How CSR Expenses are measured ?

CSR Mode of Spending The spends on CSR is restricted to the list of programs and activities specified in Schedule VII of the Act, as amended from time to time. In addition, the following should be considered: Preference to the local area where it operates Programs and activities should be undertaken in India only Programs and activities should not be exclusively for employees & their families. CSR Medium of Spending a. Self b. Through an implementing agency. Such an implementing agency can be: i) A section 8 Company or a Registered Public Trust or a Registered Society established by the Company either singly or along with any other company ii) A Section 8 Company or a Registered Public Trust or a Registered Society established by either the Central Government or the State Government iii) Any entity established by an Act of Parliament or the State Legislature iv) Any Section 8 Company or a Registered Public Trust or a Registered Society having a tract record of atleast three years in undertaking similar activities. c. Collaboration or pool resources with other companies Measurement of CSR expenses CSR Expenses are measured at the aggregate level of amount actually spent/paid together with and amount for which contractual liability has been incurred (benefits received but payment not made as on date).