Corporate Social Responsibility requirement: companies must allocate a prescribed proportion of average net profits annually under the Act. Corporate Social Responsibility is an ongoing business obligation requiring qualifying companies to adopt a CSR Policy, allocate a prescribed proportion of average net profits to a CSR corpus, and ensure that CSR surplus is not treated as business profit. The CSR Committee must prepare the policy and a transparent monitoring mechanism; activities must be projects outside normal business, implemented within India, and not exclusively for employees. Companies may implement CSR directly or through qualifying trusts, societies or Section 8 companies with established track records. Annual reporting in the Directors' Report and on the company website using the prescribed format is required.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate Social Responsibility requirement: companies must allocate a prescribed proportion of average net profits annually under the Act.
Corporate Social Responsibility is an ongoing business obligation requiring qualifying companies to adopt a CSR Policy, allocate a prescribed proportion of average net profits to a CSR corpus, and ensure that CSR surplus is not treated as business profit. The CSR Committee must prepare the policy and a transparent monitoring mechanism; activities must be projects outside normal business, implemented within India, and not exclusively for employees. Companies may implement CSR directly or through qualifying trusts, societies or Section 8 companies with established track records. Annual reporting in the Directors' Report and on the company website using the prescribed format is required.
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