https://www.taxtmi.com/acts?id=39103 Amendments to section 135 permit companies that spend in excess of CSR requirements to set off excess expenditure against future CSR obligations as prescribed; revise penalty provisions to tie company and officer liabilities to CSR transfer obligations or prescribed caps; and exempt companies with CSR expenditure below a lower threshold from constituting a Corporate Social Responsibility Committee, assigning those committee functions to the Board of Directors. en-us Wed, 30 Sep 2020 12:49:26 +0530 Wed, 30 Sep 2020 12:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39103 Amendments to section 135 permit companies that spend in excess of CSR requirements to set off excess expenditure against future CSR obligations as prescribed; revise penalty provisions to tie company and officer liabilities to CSR transfer obligations or prescribed caps; and exempt companies with CSR expenditure below a lower threshold from constituting a Corporate Social Responsibility Committee, assigning those committee functions to the Board of Directors. Act-Rules F. Acts / Amendment Acts Wed, 30 Sep 2020 12:49:26 +0530 https://www.taxtmi.com/acts?id=39103