According to the January 2021 amendment, impact assessment is mandatory for companies with a CSR budget of ₹ 5 crore or more in any fiscal year and all projects with outlays of ₹ 5 crore or more. State whether the statem
CS Professional · CSR and Social Governance · PYQS · June 2025
According to the January 2021 amendment, impact assessment is mandatory for companies with a CSR budget of ₹ 5 crore or more in any fiscal year and all projects with outlays of ₹ 5 crore or more. State whether the statement is True or False. Give reasons.
Answer & Explanation:
As per Rule 8 of the CSR Rules, (3) (a) Every company having average CSR obligation of ten crore rupees or more in pursuance of subsection (5) of section 135 of the Act, in the three immediately preceding financial years, shall undertake impact assessment, through an independent agency, of their CSR projects having outlays of one crore rupees or more, and which have been completed not less than one year before undertaking the impact study. Thus, the given thresholds are not correct and the statement is false .
Topics: Corporate Social Responsibility (CSR)
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