valid as on 26/11/2020

9.4.5- Companies (Corporate Social Responsibility Policy) Rules, 2014

5. CSR Committees.-

(1) The companies mentioned in the rule 3 shall constitute CSR Committee as under.-

(i) an unlisted public company or a private company covered under sub-section (1) of section 135 which is not required to appoint an independent director pursuant to sub-section (4) of section 149 of the Act, shall have its CSR Committee without such director ;

(ii) a private company having only two directors on its Board shall constitute its CSR Committee with two such directors;

(iii) with respect to a foreign company covered under these rules, the CSR Committee shall comprise of at least two persons of which one person shall be as specified under clause (d) of sub-section (1) of section 380 of the Act and another person shall be nominated by the foreign company.

(2) The CSR Committee shall institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company.

Substituted vide Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018, dated 19.09.2018. To view the notification,Click Here

The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018

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