CSR channels clarified: companies may implement CSR via not-for-profit companies, trusts or societies with mandated project modalities and monitoring. The amendment permits a company's Board, with CSR Committee approval, to undertake CSR activities through a section 8 company or a registered trust or society established by the company or by Central/State Government or statutory entities; if the Board uses an entity other than those specified, that entity must have an established three-year track record in similar programmes and the company must specify the projects, fund utilisation modalities and monitoring and reporting mechanism.