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CSR Amendment 2021

 

The Ministry of Corporate Affairs, on 22nd January 2021, amended the Companies Corporate Social Responsibility Rules. These amendments bring several significant changes such as

  • An increased focus on impact assessment, decriminalisation of non-compliance
  • Greater transparency in disclosure in terms of CSR Committee, and CSR Policy and Projects approved by the Board.
  • Provisions altering the guidelines for management of excess funds. 

CSR Amendment 2021