https://www.taxtmi.com/acts?id=30765 The amendment shifts applicability to the immediately preceding financial year, requires a Corporate Social Responsibility Committee of two or more directors where an independent director is not mandated, confines CSR activities to areas or subjects specified in Schedule VII, and replaces the Explanation to provide that net profit shall exclude prescribed sums and be calculated in accordance with section 198. en-us Tue, 01 Aug 2017 18:03:29 +0530 Wed, 02 Aug 2017 11:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30765 The amendment shifts applicability to the immediately preceding financial year, requires a Corporate Social Responsibility Committee of two or more directors where an independent director is not mandated, confines CSR activities to areas or subjects specified in Schedule VII, and replaces the Explanation to provide that net profit shall exclude prescribed sums and be calculated in accordance with section 198. Act-Rules Bills Tue, 01 Aug 2017 18:03:29 +0530 https://www.taxtmi.com/acts?id=30765