CSR contribution offset permitted when certified and disclosed, avoiding violation of statutory CSR spending requirement. Excess contribution to a relief fund made on the specified date that exceeds the minimum CSR amount for the financial year may be offset against the subsequent year's CSR obligation if (a) the offset accounts for any unspent prior CSR amounts, (b) the Chief Financial Officer certifies the contribution was made pursuant to the appeal and the statutory auditor corroborates this, and (c) the contribution and its treatment are disclosed separately in the Annual Report on CSR and the Board's Report.
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.
CSR contribution offset permitted when certified and disclosed, avoiding violation of statutory CSR spending requirement.
Excess contribution to a relief fund made on the specified date that exceeds the minimum CSR amount for the financial year may be offset against the subsequent year's CSR obligation if (a) the offset accounts for any unspent prior CSR amounts, (b) the Chief Financial Officer certifies the contribution was made pursuant to the appeal and the statutory auditor corroborates this, and (c) the contribution and its treatment are disclosed separately in the Annual Report on CSR and the Board's Report.
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