https://www.taxtmi.com/article/detailed?id=5510 The Rules require companies meeting prescribed thresholds to adopt a CSR Policy aligned with Schedule VII activities, constitute a CSR Committee to recommend and monitor CSR projects, and ensure CSR expenditure (including corpus contributions) conforms to approved activities. Net profit for CSR calculation is as per financial statements but excludes overseas branch profits and certain dividends. Boards must approve and disclose the CSR Policy, publish it on the company website, and include an annual CSR report in the Board's Report detailing policy outline, committee composition, average net profit, prescribed and actual expenditure, reasons for any shortfall, and a CSR Committee responsibility statement. en-us Wed, 05 Mar 2014 09:47:53 +0530 Wed, 05 Mar 2014 09:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5510 The Rules require companies meeting prescribed thresholds to adopt a CSR Policy aligned with Schedule VII activities, constitute a CSR Committee to recommend and monitor CSR projects, and ensure CSR expenditure (including corpus contributions) conforms to approved activities. Net profit for CSR calculation is as per financial statements but excludes overseas branch profits and certain dividends. Boards must approve and disclose the CSR Policy, publish it on the company website, and include an annual CSR report in the Board's Report detailing policy outline, committee composition, average net profit, prescribed and actual expenditure, reasons for any shortfall, and a CSR Committee responsibility statement. Articles Corporate Laws / IBC / SEBI Wed, 05 Mar 2014 09:47:53 +0530 https://www.taxtmi.com/article/detailed?id=5510