CSR definitions framework clarifies excluded activities, net profit computation, and ongoing project rules under the Companies regime Rule 2 defines the principal terms used in the CSR framework, including administrative overheads, CSR, CSR Committee, CSR Policy, international organisation, net profit, ongoing project, public authority, and related expressions. It excludes from CSR activities in the normal course of business, most activities outside India, political contributions, employee-benefit activities, sponsorships for marketing advantage, and activities done to satisfy other statutory obligations, while permitting specified COVID-19 research and development activity subject to collaboration and disclosure conditions. It also defines net profit, ongoing projects, not for profit organisation, and zero coupon zero principal instrument.
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CSR definitions framework clarifies excluded activities, net profit computation, and ongoing project rules under the Companies regime
Rule 2 defines the principal terms used in the CSR framework, including administrative overheads, CSR, CSR Committee, CSR Policy, international organisation, net profit, ongoing project, public authority, and related expressions. It excludes from CSR activities in the normal course of business, most activities outside India, political contributions, employee-benefit activities, sponsorships for marketing advantage, and activities done to satisfy other statutory obligations, while permitting specified COVID-19 research and development activity subject to collaboration and disclosure conditions. It also defines net profit, ongoing projects, not for profit organisation, and zero coupon zero principal instrument.
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