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    <title>CORPORATE SOCIAL RESPONSIBILITY (CSR) UNDER COMPANIES ACT, 2013 (PART II)</title>
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    <description>CSR activities must align with a declared CSR Policy and subjects listed in Schedule VII. Eligible CSR consists of projects in Schedule VII or Board-approved projects recommended by the CSR Committee, implemented in India and not in the ordinary course of business or for employee benefit. Companies may implement CSR directly, by contract, or via registered trusts/societies with a three-year track record; contributions through such entities are subject to a cap. CSR expenditure includes all spending, including corpus contributions, approved by the Board on the CSR Committee&#039;s recommendation but excludes non-Schedule VII spending.</description>
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