9.4.8- Companies (Corporate Social Responsibility Policy) Rules, 2014
(1) The Board’s Report of a company covered under these rules pertaining to any financial year shall include an annual report on CSR containing particulars specified in ., as applicable.
(2) In case of a foreign company, the balance sheet filed under clause (b) of sub-section (1) of section 381 of the Act, shall contain an annual report on CSR containing particulars specified in Annexure I or Annexure II, as applicable.
(3) (a) Every company having average CSR obligation of ten crore rupees or more in pursuance of subsection (5) of section 135 of the Act, in the three immediately preceding financial years, shall undertake impact assessment, through an independent agency, of their CSR projects having outlays of one crore rupees or more, and which have been completed not less than one year before undertaking the impact study.
(b) The impact assessment reports shall be placed before the Board and shall be annexed to the annual report on CSR.
(c) A Company undertaking impact assessment may book the expenditure towards Corporate Social Responsibility for that financial year, which shall not exceed five percent of the total CSR expenditure for that financial year or fifty lakh rupees, whichever is less.
8. CSR Reporting.-
(1) The Board’s Report of a company covered under these rules pertaining to a financial year commencing on or after the 1st day of April, 2014 shall include an annual report on CSR containing particulars specified in .
(2) In case of a foreign company, the balance sheet filed under sub-clause (b) of subsection (1) of section 381 shall contain an Annexure regarding report on CSR.
ii. To view the Annexure,Click Here
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 1st Day of April, 2020
Annexure 1: CSR
FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED
IN THE BOARD’S REPORT
1. A brief outline of the company’s CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs.
2. The Composition of the CSR Committee.
3. Average net profit of the company for last three financial years
4. Prescribed CSR Expenditure (two per cent. of the amount as in item 3 above)
5. Details of CSR spent during the financial year.
(a) Total amount to be spent for the financial year;
(b) Amount unspent , if any;
(c) Manner in which the amount spent during the financial year is detailed below.
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
| S.No | CSR
project or activity identified |
Sector in
which the Project is covered |
Projects or
programs (1) Local area or other (2) Specify the State and district where projects or programs was undertaken. |
Amount
outlay (budget) project or programs wise |
Amount spent
on the projects or programs Subheads: (1) Direct expenditure on projects or programs. (2) Overheads: |
Cumulative
expenditure upto the reporting period. |
Amount spent:
Direct or th rough implementing agency |
| 1 | |||||||
| 2 | |||||||
| 3 | |||||||
| TOTAL |
*Give details of implementing agency:
6. In case the company has failed to spend the two per cent of the average net profit of the last three financial years or any part thereof, the company shall provide the reasons for not spending the amount in its Board report.
7. A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company.
| Sd/-
(Chief Executive Officer or Managing Director or Director) |
Sd/-
(Chairman CSR Committee) |
Sd/-
(Person specified under clause (d) of sub-section (1) of section 380 of the Act) (wherever applicable) |