<h1>Ministry of Corporate Affairs Committee Recommends CSR Revisions: Increase Admin Cost Cap, Clarify Net Profit, Allow Fund Carryover.</h1> A High Level Committee, established by the Ministry of Corporate Affairs, submitted a report on Corporate Social Responsibility (CSR) compliance on September 22, 2015. Key recommendations include reviewing CSR provisions after three years, increasing the ceiling on administrative overhead costs to 10%, clarifying the definition of net profit, and allowing unspent CSR funds to be carried forward for five years. The report suggests that CSR activities should focus on public good, particularly for the underprivileged, and that companies should manage their own CSR monitoring without government involvement. In 2014-15, 460 companies spent Rs. 6,337 crores on CSR, achieving a 75.92% utilization rate.