WebAug 26, 2024 · Frequently Asked Questions issued by MCA - August 2024. The broad framework of CSR has been provided in Section 135 of the Companies Act, 2013 (herein … WebAug 26, 2024 · MCA has issued a set of FAQs for better understanding and facilitating effective implementation of CSR. The FAQs on CSR covers the following broad headings: 1. Applicability of CSR. 2. CSR Framework. 3. CSR Expenditure. 4.
CSR : a critique of the MCA Notification dated 10.04.2024 - Bar …
WebJul 28, 2024 · 9. Suppose a company's net profit is more than 5 crores for fy ending 19-20, then how much time period a company has to spend on CSR? Company have to spent CSR in f.y. 2024-21 for the given question. If profit of 2024-21 came less than 5 crore then no need to comply with provisions in 2024-22. 10. WebAug 25, 2024 · In view of amendments in Section 135/ Schedule VII of the Companies Act, 2013 and also in the Companies (CSR Policy) Rules, 2014 notified on 22/01/2024, the MCA has released an updated set of Frequently Asked Questions (FAQs) on the Corporate Social Responsibility (CSR), for better understanding and facilitating effective … the ball has been rolling and it dind\u0027t stop
MCA’s FAQs on CSR – Raises More Questions Than It Answers
WebSep 20, 2024 · Ongoing Projects. In accordance with Rule 2 (1) (i), the FAQs have clarified that an ‘ongoing CSR project’ can have a maximum duration of three FYs, excluding the FY in which it was commenced. Further, the MCA has clarified that the duration of an ‘ongoing project’ cannot be extended beyond the maximum permissible time-period. WebFeb 15, 2024 · Now through this notification ministry introduced the same. 1. Objective. Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. As a part of the good corporate governance practice MCA on 11th Feb 2024 notified Form CSR-2. WebFeb 13, 2024 · In the Companies (Accounts) Rules, 2014, after Rule 12 (1A) the following shall be inserted: “ (1B) Every company covered under the provisions of sub-section (1) … the greenway bus stop