Corporate Social Responsibility: Committee recommends extending applicability, aligning Schedule VII with SDGs, and strengthening reporting. The Committee recommends clarifying and expanding the CSR framework: extend applicability to similarly placed entities (including LLPs and banks), defer CSR spending obligation for newly incorporated companies until three years of existence, permit Boards to perform CSR committee functions for companies with prescribed CSR below Rs. 50 lakhs, require unspent CSR amounts to be held in a designated account and spent within three to five years (with transfer thereafter to a government fund), map Schedule VII to the SDGs (SDG+), strengthen reporting and statutory financial audit of CSR (Schedule III), register implementing agencies, ensure tax neutrality, and create a CSR Exchange Portal and Social Impact Companies to deepen impact.