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of <h1>Clarifications on CSR u/s 135 of Companies Act: Broad Interpretation Encouraged, Exclusions Defined, and Eligible Expenses Outlined.</h1> The circular provides clarifications on Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013, addressing stakeholder queries. It emphasizes that CSR activities should align with Schedule VII of the Act and be interpreted liberally to cover a broad range of activities. CSR should be implemented in project mode, excluding one-off events. Expenses related to statutory obligations do not qualify as CSR expenditure. Salaries for CSR staff and volunteers can be included in CSR costs. Contributions to registered trusts for CSR purposes are eligible. Foreign holding companies' CSR expenses in India qualify if routed through Indian subsidiaries. The circular also clarifies various activities under Schedule VII, such as disaster relief, education, and health care.
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