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<h1>Companies Must Form CSR Committees Under Rule 3; Specific Guidelines for Private and Foreign Companies Outlined</h1> Companies subject to Rule 3 of the Companies (Corporate Social Responsibility Policy) Rules, 2014, must form a CSR Committee. Companies not needing an independent director under Section 149 can form a CSR Committee without one. Private companies with two directors can have a CSR Committee with both directors. Foreign companies must have a CSR Committee with two members, including one specified under Section 380. The CSR Committee is tasked with recommending an annual action plan to the Board, detailing approved CSR projects, execution methods, fund utilization, monitoring mechanisms, and impact assessments. The Board may modify this plan if justified.