Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2026 insert definitions of "Not for Profit Organization" and "zero coupon zero principal instrument" into the CSR Rules, aligning them with SEBI's social stock exchange framework. A new rule permits CSR implementation through such instruments, subject to the expenditure on the instrument not exceeding 10% of a company's total CSR spend for the financial year. A subscribing company is exempt from impact assessment for projects funded through the instrument. The issuing not-for-profit organisation must complete the project within three succeeding financial years and, on delisting, transfer unspent amounts to a Schedule VII fund and report compliance to SEBI. The remaining CSR Rule 4 provisions apply, except sub-rules (5) and (6).
The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2026 insert definitions of "Not for Profit Organization" and "zero coupon zero principal instrument" into the CSR Rules, aligning them with SEBI's social stock exchange framework. A new rule permits CSR implementation through such instruments, subject to the expenditure on the instrument not exceeding 10% of a company's total CSR spend for the financial year. A subscribing company is exempt from impact assessment for projects funded through the instrument. The issuing not-for-profit organisation must complete the project within three succeeding financial years and, on delisting, transfer unspent amounts to a Schedule VII fund and report compliance to SEBI. The remaining CSR Rule 4 provisions apply, except sub-rules (5) and (6).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
