https://www.taxtmi.com/article/detailed?id=10455 Section 135 requires companies meeting specified net worth, turnover, or net profit thresholds to spend at least two percent of the average net profits of the three preceding financial years on activities in Schedule VII, governed by the Companies (CSR Policy) Rules. Governance requires a board-level CSR Committee to formulate policy, recommend expenditure, and monitor implementation, while the board must ensure implementation, disclose the policy, report utilization, and account for any unspent amounts. The rules exclude ordinary business activities and set implementation modes, mandatory registration for implementing agencies, and introduce E Form CSR 2 for reporting; statutory penalties apply for noncompliance. en-us Tue, 14 Jun 2022 15:45:57 +0530 Tue, 14 Jun 2022 15:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10455 Section 135 requires companies meeting specified net worth, turnover, or net profit thresholds to spend at least two percent of the average net profits of the three preceding financial years on activities in Schedule VII, governed by the Companies (CSR Policy) Rules. Governance requires a board-level CSR Committee to formulate policy, recommend expenditure, and monitor implementation, while the board must ensure implementation, disclose the policy, report utilization, and account for any unspent amounts. The rules exclude ordinary business activities and set implementation modes, mandatory registration for implementing agencies, and introduce E Form CSR 2 for reporting; statutory penalties apply for noncompliance. Articles Corporate Laws / IBC / SEBI Tue, 14 Jun 2022 15:45:57 +0530 https://www.taxtmi.com/article/detailed?id=10455