Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 - G.S.R. 715 (E) - Companies Law

CSR Committee requirement expanded: companies with unspent CSR funds must constitute committees and follow CSR governance rules.

The amendment mandates that any company with amounts in an Unspent Corporate Social Responsibility Account under section 135(6) must constitute a CSR Committee and comply with section 135(2)-(6); omits the earlier sub rule (2); expands and clarifies permissible implementing entities to include section 8 companies, registered trusts and societies with prescribed tax registrations or exemptions, government established or statutory entities, and organisations with an established three year track record; revises Rule 8 threshold language; substitutes an updated Annexure II annual CSR reporting format; and updates the e form CSR 1 entity classification.