CSR Amendment Rules – BIG CHANGES coming into effect into the CSR domain

• Compulsory CSR project registration form CSR-1 w.e.f. 1 April 2021

• Impact Assessment for big CSR projects

• Carry forward and set off of CSR expenditure

• Annual CSR Action Plan by the Board each year in addition to CSR strategy

• Tweaks in the reporting format of the Board report

• Mandatory disclosure of CSR projects and operations on the company’s website, if any

• Acquisition of capital assets and its holding is limited to three bodies in total

Link:- http://www.mca.gov.in/Ministry/pdf/CSRAmendmentRules_22012021.pdf

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