Answer each of the following as per the amended rules i.e. Clarification on spending of CSR funds for "Har Ghar Tiranga" campaign (MCA General Circular No. 08/2022 dated 26th July, 2022) and the Companies (Corporate Soci

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2023
Answer each of the following as per the amended rules i.e. Clarification on spending of CSR funds for "Har Ghar Tiranga" campaign (MCA General Circular No. 08/2022 dated 26th July, 2022) and the Companies (Corporate Social Responsibility Policy) Amendment rules, 2022 (MCA notification no. G.S.R.715(E) dated 20th September, 2022): (iii) What should the company do if there are any particular funds in their "Unspent Corporate Social Responsibility Account".

Answer & Explanation:

According to the amendment, proviso to Rule 3(1) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 has been inserted stating that, a company having any amount in its Unspent Corporate Social Responsibility Account as per section 135(6) shall constitute a CSR Committee and comply with the provisions contained in sub-sections (2) to (6) of the said section.

Topics: Corporate Social Responsibility (CSR)

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic