Companies' CSR rules updated: definitions, implementing entity registration, 5% admin cap, surplus treatment and detailed reporting.
The rules amend CSR governance by defining key terms, capping administrative overheads at five percent of CSR spend, mandating registration of implementing entities via Form CSR 1, permitting engagement of specified implementing agencies and international organisations, requiring Board certification and monitoring of projects (including ongoing projects), prescribing treatment of CSR surpluses and set off of excess spends, restricting holding of CSR funded capital assets to permitted entities or beneficiaries, and mandating detailed annual CSR reporting through Annexure II plus website disclosure and impact assessment thresholds.

Correction of statutory reference: wording amended to 'clause (c) of section 271' in preceding notification.
Correction of a statutory reference in a prior notification: the Ministry issued a corrigendum to Notification S.O. 220(E) dated 18 January 2021, replacing the phrase "under clause (c) of Sub-section (1) of Section 271" with "under clause (c) of section 271," amending the published English-language text in the Gazette.

Authority to petition for winding up granted to company official enabling initiation of winding up proceedings under Companies Act.
Central Government authorizes Shri Rakesh Sasibhushan, Chairman cum Managing Director of Antrix Corporation Limited, to present a petition before the Tribunal for winding up Devas Multimedia Private Limited on the grounds specified under clause (c) of section 271 of the Companies Act, 2013, pursuant to powers under clause (e) of sub section (1) of section 272; the notification takes effect from its publication in the Official Gazette and includes a corrigendum correcting the statutory cross reference.