CSR Implementation

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....trust or a registered society, established by the Central Government or State Government; or (c) any entity established under an Act of Parliament or a State legislature; or (d) a company established under section 8 of the Act, or a registered public trust or a registered society, exempted under sub-clauses (iv), (v), (vi) or (via) of clause (23C) of section 10 or registered under section 12A and approved under 80 G of the Income Tax Act, 1961, and having an established track record of at least three years in undertaking similar activities. Explanation.- For the purpose of clause (c), the term "entity" shall mean a statutory body constituted under an Act of Parliament or State legislature to undertake activities covered in Schedule VI....

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....y to the effect. (6) In case of ongoing project, the Board of a Company shall monitor the implementation of the project with reference to the approved timelines and year-wise allocation and shall be competent to make modifications, if any, for smooth implementation of the project within the overall permissible time period. ] ********* Notes:- 1. Inserted vide F. No. 1/18/2013-CL-V-Part - Dated 12-9-2014. 2. Substituted vide F. No. 1/18/2013-CL- V-Part - Dated 19-1-2015, before it was read as, "established by the company or its holding or subsidiary or associate company under section 8 of the Act or otherwise:" 3. Substituted vide F. No. 1/18/2013-CL- V-Part - Dated 19-1-2015, before it was read as, "not established by t....

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....ny, as per its stated CSR Policy, as projects or programs or activities (either new or ongoing), 5[****]. 4[(2) The Board of a company may decide to undertake its CSR activities approved by the CSR Committee, through (a) a company established under section 8 of the Act or a registered trust or a registered society, established by the company, either singly or alongwith any other company, or (b) a company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government or any entity established under an Act of Parliament or a State legislature : Provided that- if, the Board of a company decides to undertake its CSR activities through a company established u....