The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022

Sep 21, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Ministry of Corporate Affairs (MCA) on September 21, 2022, notifies that the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 will be further amended bythe Companies (Corporate Social Responsibility Policy) Rules, 2014.

The amendments are as follows-

•In rule 3, (i) in sub-rule (1), after the proviso, the - “Provided further that a company having any amount in its Unspent Corporate Social Responsibility Account as per sub-section (6) of section 135 shall constitute a CSR Committee and comply with the provisions contained in sub-sections (2) to (6) of the said section.” shall be inserted.

•In rule 3, (ii)sub-rule (2) shall be omitted.

•In rule 4, for sub-rule (1) The Board shall ensure that the CSR activities are undertaken by the company itself or through sub-rule shall be substituted.

•In the said rules, for Annexure-II, ANNEXURE -II FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD’S REPORT FOR FINANCIAL YEAR COMMENCING ON OR AFTER THE 1ST DAY OF APRIL, 2020 shall be substituted. 

•In the said rules, in the e-form CSR–1, for serial number 1 and the entries relating thereto, the Nature of the entity serial number shall be substituted. 

They shall come into force on the date of their publication in the Official Gazette.

[Notification No. G.S.R. 715(E)]


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