The Companies (Corporate Social Responsibility Policy) Rules, 2014 notified on 27-02-2014 (inclusive of all amendments).

rules · 2013 · State unknown

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Parent: THE COMPANIES ACT, 2013 (c373829cd19b50164e7b067a85a4e3a5374ec013)

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The Companies (Corporate Social Responsibility Policy) Rules, 2014 notified on 27-02-2014 (inclusive of all amendments). G.S.R 129(E). In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act; 2013 (18 of 2013), the Central Government hereby makes the following rules, namely: 1 Short title and commencement: (1) These rules may be called the Companies (Corporate Social Responsibility Policy) Rules, 2014. (2) They shall come into force on the 1st day of April, 2014. 2 Definitions - In these rules, unless the context otherwise requires, Act" means the Companies Act, 2013; (b) Annexure" means the Annexure appended to these rules; (c) "Corporate Social Responsibility (CSR)" means and includes but is not limited to Projects or programs relating to activities areas or subjects specified in Schedule VII to the Act; or (ii) Projects or programs relating to activities undertaken by the board of directors of a company (Board) in pursuance of recommendations of the Committee of the Board as per declared CSR Policy of the company subject to the condition that such policy will include activities, areas or subjects specified in Schedule VII of the Act: d) "CSR Committee" means the Corporate Social Responsibility Committee of the Board referred to in section 135 of the Act (e) "CSR Policy" relates to the activities to be undertaken by the company in areas or subjects specified in Schedule VII to the Act and the expenditure thereon, excluding activities undertaken in pursuance of normal course of business of a company; "Net profit" means the net profit of a company as per its financial statement prepared in accordance with the applicable provisions of the Act but shall not include the following, namely any profit arising from

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3 · Corporate Social Responsibility. 1) Every company including its holding O subsidiary, and a foreign company defined under clause (42) of section 2 of the Act having its branch office or project office in India which fulfills the criteria specified in sub-section (4) of section 135 of the Act shall comply with the provisions of section 135 of the Act and these rules:

4 · CSR Activities -

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8 · CSR Reporting - The Board's Report of company covered under these rules pertaining to a financial year commencing on Or after the Ist day of April, 2014 shall include an annual report on CSR containing particulars specified in Annexure: (2) In case of a foreign company, the balance sheet filed under sub-clause (b) of sub- section of section 381 shall contain an Annexure regarding report on CSR.

9 · Display of CSR activities 0n its website: The Board of Directors of the company shall, after taking into account the recommendations of CSR Committee, approve the CSR Policy for the company and disclose contents of such policy its report and the same shall be displayed on the company's website, if any, as per the particulars specified in the Annexure.

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; Manner in which the amount spent during _the financial year is detailed below: 3

7 · 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/ - Sd/ - Sd/-