The High Level Committee constituted by the Government to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies has submitted its Report to the Government.

The report alongwith its recommendations has been placed on the Ministry’s website (www.mca.gov.in).

The Government does not proposes uniformity in tax exemption for CSR expenditure to all eligible activities

The Companies Law Committee is examining the issues related to amendments required, if any, in the Companies Act, 2013 and rules thereunder.

The Companies are required to formulate their CSR policies, if applicable, under the provision of Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies CSR Policy Rules, 2014 read with General Circular dated 18.06.2014 issued by the Ministry of Corporate Affairs.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.

Corporate Social Responsibility obligations clarified; committee recommends monitoring framework and no uniform tax exemption for eligible activities. A High Level Committee reported recommendations for a CSR monitoring framework and noted the Government does not propose uniform tax exemptions for all eligible CSR activities. Companies are required to adopt CSR policies under the statutory CSR obligation and applicable CSR rules, and the Companies Law Committee is reviewing potential amendments to company law and rules to reflect these issues.