Definitions

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....appended to these rules; (d) "Corporate Social Responsibility (CSR)" means the activities undertaken by a Company in pursuance of its statutory obligation laid down in section 135 of the Act in accordance with the provisions contained in these rules, but shall not include the following, namely:- (i) activities undertaken in pursuance of normal course of business of the company: Provided that any company engaged in research and development activity of new vaccine, drugs and medical devices in their normal course of business may undertake research and development activity of new vaccine, drugs and medical devices related to COVID-19 for financial years 2020-21, 2021-22, 2022-23 subject to the conditions th....

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.... (g) "International Organisation" means an organisation notified by the Central Government as an international organisation under section 3 of the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947), to which the provisions of the Schedule to the said Act apply; (h) "Net profit" means the net profit of a company as per its financial statement prepared in accordance with the applicable provisions of the Act, but shall not include the following, namely: - (i) any profit arising from any overseas branch or branches of the company, whether operated as a separate company or otherwise; and (ii) any dividend received from other companies in India, which are covered under and complying with the provi....

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....sp; Inserted vide Notification No. G.S.R. 526(E) dated 24-08-2020 5.  Substituted vide Notification No. G.S.R. 40(E) dated 22-01-2021 before it was read as, "2. Definitions.- (1) In these rules, unless the context otherwise requires, - (a) "Act" means the Companies Act, 2013;   (b) "Annexure" means the Annexure appended to these rules; (c) "Corporate Social Responsibility (CSR)" means and includes but is not limited to :- (i) Projects or programs relating to activities ^1[areas or subjects] specified in Schedule VII to the Act; or (ii) Projects or programs relating to activities undertaken by the board of directors of a company (Board) in pursuance o....