https://www.taxtmi.com/news?id=15047 The Committee recommends retaining primary accountability for CSR with the company Board and its CSR Committee, endorses statutory disclosure obligations and MCA compilation of firm-level CSR filings for public dissemination, and rejects a central external monitoring agency for private companies while permitting Boards to engage third party evaluators. It advises targeted amendments: add an omnibus Schedule VII clause, clarify Net Profit computation and "any financial year" interpretation, allow carry forward of unspent CSR with a five year sunset, exclude Section 8 companies, examine foreign company applicability, adopt two implementation models around a Rs. 5 crore CSR threshold, and raise administrative overhead cap to up to 10%. en-us Tue, 06 Oct 2015 11:06:51 +0530 Wed, 11 Feb 2026 15:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15047 The Committee recommends retaining primary accountability for CSR with the company Board and its CSR Committee, endorses statutory disclosure obligations and MCA compilation of firm-level CSR filings for public dissemination, and rejects a central external monitoring agency for private companies while permitting Boards to engage third party evaluators. It advises targeted amendments: add an omnibus Schedule VII clause, clarify Net Profit computation and "any financial year" interpretation, allow carry forward of unspent CSR with a five year sunset, exclude Section 8 companies, examine foreign company applicability, adopt two implementation models around a Rs. 5 crore CSR threshold, and raise administrative overhead cap to up to 10%. News - Tue, 06 Oct 2015 11:06:51 +0530 https://www.taxtmi.com/news?id=15047