TMI BlogCSR ImplementationX X X X Extracts X X X X X X X X Extracts X X X X ..... ct or a registered 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 activitie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sible for financial management shall certify 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-Par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vities.- (1) The CSR activities shall be undertaken by the company, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xpenditure of the company in one financial year. (7) Contribution of any amount directly or indirectly to any political party under section 182 of the Act, shall not be considered as CSR activity. 7. Substituted vide Notification No. G.S.R. 715(E) dated 20-09-2022 before it was read as, (1) The Board shall ensure that the CSR activities are undertaken by the company itself or through - (a) a company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961), established by the company, either singly or along with any other company, or (b) a company established under section 8 of the Act or a registered t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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