<h1>CSR compliance: Committee recommends clarified net profit definition, higher administrative cap, sunset for unspent funds, and board-led monitoring.</h1> Recommendations focus on clarifying the term 'net profit' and re-examining the temporal reference in Section 135(1); increasing the permissible administrative overhead cap; allowing carry forward of unspent CSR balances with a sunset clause and transfer thereafter to funds listed in Schedule VII; framing Schedule VII to cover activities for larger public good; and allocating monitoring responsibility to boards and CSR committees while excluding government engagement of external experts.