Companies (Corporate Social Responsibility Policy) Rules, 2014 - 1/18/2013-CL.V - Companies Law

Corporate Social Responsibility rules require eligible companies to adopt policies, committees, compliant projects, and annual reporting.

Companies meeting the Act's eligibility must adopt a CSR Policy and constitute a CSR Committee to oversee projects and programs aligned with Schedule VII; net profit for CSR excludes overseas branch profits and specified dividends. CSR may be executed directly, through qualifying trusts/societies/section 8 companies or in collaboration, subject to track record and monitoring requirements. CSR expenditure must conform to Schedule VII, exclude political contributions and employee-only benefits, and be reported annually in the Board's Report with project-level details and a responsibility statement.