{"id":22206,"date":"2022-04-08T17:40:56","date_gmt":"2022-04-08T12:10:56","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=22206"},"modified":"2025-12-17T16:53:26","modified_gmt":"2025-12-17T11:23:26","slug":"csr-expenditure-by-corporates-for-fy-2021-22","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/","title":{"rendered":"CSR Expenditure by Corporates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e1b34c178da\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e1b34c178da\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#CSR_EXPENDITURE_BY_CORPORATES\" title=\"CSR EXPENDITURE BY CORPORATES\u00a0\">CSR EXPENDITURE BY CORPORATES\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#CSR_COMMITTEE_CHECKPOINTS\" title=\"CSR COMMITTEE CHECKPOINTS\">CSR COMMITTEE CHECKPOINTS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#CHECKPOINTS_APPLICABLE_FOR_BOARD_OF_DIRECTOR_ON_CSR\" title=\"CHECKPOINTS APPLICABLE FOR BOARD OF DIRECTOR ON CSR\u00a0\">CHECKPOINTS APPLICABLE FOR BOARD OF DIRECTOR ON CSR\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#ANNUAL_ACTION_PLAN_DETAILS\" title=\"ANNUAL ACTION PLAN DETAILS:-\">ANNUAL ACTION PLAN DETAILS:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#LIST_OF_CSR_PROJECTS_OR_PROGRAMS_TO_BE_UNDERTAKEN_IN_AREAS_OR_SUBJECTS_SPECIFIED_IN_SCHEDULE_VII_OF_THE_ACT\" title=\"LIST OF CSR PROJECTS OR PROGRAMS TO BE UNDERTAKEN IN AREAS OR SUBJECTS SPECIFIED IN SCHEDULE VII OF THE ACT:\">LIST OF CSR PROJECTS OR PROGRAMS TO BE UNDERTAKEN IN AREAS OR SUBJECTS SPECIFIED IN SCHEDULE VII OF THE ACT:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#SNo\" title=\"S.No.\">S.No.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Focus_Area_From_Sch_VII\" title=\"Focus Area From Sch VII\">Focus Area From Sch VII<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Details_of_Location_Project\" title=\"Details of\u00a0 Location \/ Project\">Details of\u00a0 Location \/ Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Manner_of_Execution\" title=\"Manner of Execution\">Manner of Execution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Funds_Allocated_INR\" title=\"Funds Allocated (INR)\">Funds Allocated (INR)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#SCHEDULE_OF_IMPLEMENTATION_INCLUDING_DETAILS_ON_UTILIZATION_OF_FUNDS\" title=\"SCHEDULE OF IMPLEMENTATION INCLUDING DETAILS ON UTILIZATION OF FUNDS\u00a0\">SCHEDULE OF IMPLEMENTATION INCLUDING DETAILS ON UTILIZATION OF FUNDS\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#_REPORTING_MONITORING_MECHANISM\" title=\"\u00a0 \u00a0 REPORTING &amp; MONITORING MECHANISM:\">\u00a0 \u00a0 REPORTING &amp; MONITORING MECHANISM:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#_DETAILS_OF_IMPACT_ASSESSMENT_THEIR_NEED_IF_APPLICABLE\" title=\"\u00a0 \u00a0DETAILS OF IMPACT ASSESSMENT &amp; THEIR NEED, IF APPLICABLE\">\u00a0 \u00a0DETAILS OF IMPACT ASSESSMENT &amp; THEIR NEED, IF APPLICABLE<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Revised_Applicability_Thresholds\" title=\"Revised Applicability Thresholds\u00a0\">Revised Applicability Thresholds\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Expansion_of_CSR_Obligations\" title=\"Expansion of CSR Obligations :\">Expansion of CSR Obligations :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Strengthened_Governance\" title=\"Strengthened Governance\">Strengthened Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Implementation_Timeline\" title=\"Implementation Timeline\">Implementation Timeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/carajput.com\/blog\/csr-expenditure-by-corporates-for-fy-2021-22\/#Practical_Impact_for_Companies\" title=\"Practical Impact for Companies\">Practical Impact for Companies<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22207\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/CSR.jpeg\" alt=\"CSR\" width=\"866\" height=\"576\" \/><\/p>\n<h2 class=\"h2\"><span class=\"ez-toc-section\" id=\"CSR_EXPENDITURE_BY_CORPORATES\"><\/span><span style=\"color: #000080;\">CSR EXPENDITURE BY CORPORATES\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Companies that are subject to CSR provisions are required to spend at least two percent (2%) of their average net profits made during the three (3) immediately preceding financial years on CSR activities as specified in Schedule VII of the Act and in accordance with the Company&#8217;s CSR Policy, according to Section 135(5) of the <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.caindelhiindia.com\/uploads\/publication_documents\/1__E7666E6B-L.pdf\">Companies Act, 2013<\/a><\/span>. The following are the checkpoints for the CSR activities to be carried out in FY 2021-22.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"CSR_COMMITTEE_CHECKPOINTS\"><\/span><span style=\"color: #000080;\"><strong>CSR COMMITTEE CHECKPOINTS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Monitoring\/reviewing the company&#8217;s CSR policy and making recommendations for changes, if necessary;<\/li>\n<li>Budget and quantity of spending to be incurred on CSR activities should be re-evaluated.<\/li>\n<li>Recommend to the Board CSR activities, projects, and programmes to be carried out by the Company or by any designated implementing agencies with a unique CSR Registration Number;<\/li>\n<li>Formulation and recommendation to the Board of Directors of an annual action plan in accordance with the company&#8217;s CSR policy, or modification of the existing annual action plan, if any;<\/li>\n<li>The following items will be included in the annual action plan:\n<ul>\n<li>Modalities of utilization of funds and implementation schedules<\/li>\n<li>List of CSR Projects approved<\/li>\n<li>Manner of execution<\/li>\n<li>Monitoring and reporting mechanism<\/li>\n<li>Details and need of impact assessment, if any.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"CHECKPOINTS_APPLICABLE_FOR_BOARD_OF_DIRECTOR_ON_CSR\"><\/span><span style=\"color: #000080;\"><strong>CHECKPOINTS APPLICABLE FOR BOARD OF DIRECTOR ON CSR\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Approve any changes to the CSR Policy that the CSR Committee recommends;<\/li>\n<li>The Approve the budget and amount of money to be spent on CSR initiatives.<\/li>\n<li>Approve the annual action plan in accordance with the company&#8217;s CSR policy.<\/li>\n<li>When necessary, the Board shall consider the recommendations of the CSR Committee and offer appropriate instructions \/ directions to the Corporate Social Responsibility Committee.<\/li>\n<li>Ensure that the company&#8217;s Corporate Social Responsibility operations are carried out in compliance with Schedule VII of the Companies Act, 2013 and the company&#8217;s Corporate Social Responsibility policy;<\/li>\n<li>In the case of an ongoing project, the Board of Directors of a Company shall monitor the project&#8217;s implementation in accordance with the approved timelines and year-by-year allocation, and shall be competent to make any necessary changes to ensure that the project is completed within the overall permitted time period.<\/li>\n<li>The company&#8217;s Board of Directors must be satisfied that the money disbursed were used for the purposes and in the manner agreed by it, and the person in charge of financial management must attest this.\u2018*\u2019 The functions of the Corporate Social Responsibility Committee may, however, be discharged by the company&#8217;s Board of Directors if the company&#8217;s CSR expenditure is less than fifty (50) lakh rupees.<\/li>\n<li>Companies must also make the makeup of the CSR Committee, Corporate Social Responsibility Policy, and Projects approved by the Board publically available on their website, if they have one.<\/li>\n<li>Kindly be informed that CSR spending is now required, and any failure to comply with the foregoing provisions will result in harsh penalties. As a result, companies subject to CSR laws must meet their obligation to spend on CSR activities\/projects or transfer the required amount to the funds provided in Schedule VII by March 31, 2022 in order to comply with these provisions.<\/li>\n<\/ul>\n<h3 style=\"padding-left: 40px;\"><span class=\"ez-toc-section\" id=\"ANNUAL_ACTION_PLAN_DETAILS\"><\/span><span style=\"color: #000080;\"><strong>ANNUAL ACTION PLAN DETAILS:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure class=\"wp-block-table\">\n<table style=\"height: 279px;\" width=\"714\">\n<tbody>\n<tr>\n<td>Financial Year:<\/td>\n<td><strong>2021-22<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Company Name:<\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td>No. of projects proposed:<\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Average net profit of the company for last three financial years:<\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Prescribed CSR Expenditure (two per cent of the average net profit of the company for last three financial years):<\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Total CSR Projects Outlay Budget:<\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"LIST_OF_CSR_PROJECTS_OR_PROGRAMS_TO_BE_UNDERTAKEN_IN_AREAS_OR_SUBJECTS_SPECIFIED_IN_SCHEDULE_VII_OF_THE_ACT\"><\/span><span style=\"color: #000080;\"><strong>LIST OF CSR PROJECTS OR PROGRAMS TO BE UNDERTAKEN IN AREAS OR SUBJECTS SPECIFIED IN SCHEDULE VII OF THE ACT:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<figure class=\"wp-block-table\">\n<table style=\"height: 168px;\" width=\"720\">\n<tbody>\n<tr>\n<td>\n<h4><span class=\"ez-toc-section\" id=\"SNo\"><\/span>S.No.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/td>\n<td>\n<h4><span class=\"ez-toc-section\" id=\"Focus_Area_From_Sch_VII\"><\/span>Focus Area From Sch VII<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/td>\n<td>\n<h4><span class=\"ez-toc-section\" id=\"Details_of_Location_Project\"><\/span>Details of\u00a0 Location \/ Project<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/td>\n<td>\n<h4><span class=\"ez-toc-section\" id=\"Manner_of_Execution\"><\/span>Manner of Execution<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/td>\n<td>\n<h4><span class=\"ez-toc-section\" id=\"Funds_Allocated_INR\"><\/span>Funds Allocated (INR)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Total Funds Allocated For FY 2021-22<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"SCHEDULE_OF_IMPLEMENTATION_INCLUDING_DETAILS_ON_UTILIZATION_OF_FUNDS\"><\/span><span style=\"color: #000080;\"><strong>SCHEDULE OF IMPLEMENTATION INCLUDING DETAILS ON UTILIZATION OF FUNDS\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/figure>\n<ul>\n<li>Depending on the nature of the project, funds will be disbursed in phases or tranches.<\/li>\n<li>The Corporate Social Responsibility budget will be used for CSR initiatives that the Board will authorise based on the CSR Committee&#8217;s recommendations.<\/li>\n<li>A reimbursement model will be used for specific projects. After a financial review of the expenses incurred, the cash will be disbursed. With the approval of the Corporate Social Responsibility Committee and the Board, the money will be disbursed directly to partner organizations\/beneficiaries for the remaining projects.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"_REPORTING_MONITORING_MECHANISM\"><\/span><span style=\"color: #000080;\"><strong>\u00a0 \u00a0 REPORTING &amp; MONITORING MECHANISM:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The monitoring mechanism for each project will vary depending on the project&#8217;s nature.<\/li>\n<li>On the basis of periodic reports\/Annual Reports and utilisation certificates received from Implementing Agency\/ies on the Project\/Programs completed during the year, monitoring and reporting will be carried out.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"_DETAILS_OF_IMPACT_ASSESSMENT_THEIR_NEED_IF_APPLICABLE\"><\/span><span style=\"color: #000080;\"><strong>\u00a0 \u00a0DETAILS OF IMPACT ASSESSMENT &amp; THEIR NEED, IF APPLICABLE<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Companies with a Corporate Social Responsibility budget of INR 10 crore or more in any fiscal year, as well as any projects with outlays of INR 1 crore or more, are required to do impact assessments. Impact evaluations will be carried out in accordance with their application.<\/li>\n<li><a href=\"https:\/\/carajput.com\/publications\/new-form-csr-2-on-on-reporting-on-corporate-social-responsibility.pdf\"><strong><span style=\"color: #000080;\">CSR EXPENDITURE BY CORPORATES\u00a0\u00a0<\/span><\/strong><\/a><\/li>\n<\/ul>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"Revised_Applicability_Thresholds\"><\/span><span style=\"color: #000080;\">Revised Applicability Thresholds\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Companies (Amendment) Bill, 2025 (Bill No.\u202fXXXII of 2025), introduced significant changes to Section\u202f135 of the Companies Act, 2013, effective after parliamentary approval. A\u00a0company must now comply with CSR provisions if it meets any one of the following in the immediately preceding financial year:<\/p>\n<ul>\n<li>Net worth \u2265 INR 100 crore (reduced from INR\u00a0 500 crore)<\/li>\n<li>Turnover \u2265 INR 500 crore (reduced from INR 1,000 crore)<\/li>\n<li>Net profit \u2265 INR 3 crore (reduced from INR 5 crore)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Expansion_of_CSR_Obligations\"><\/span><span style=\"color: #000080;\">Expansion of CSR Obligations :<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-size: 16px;\">Mid\u2011sized companies now fall within the CSR scope, broadening the number of eligible companies. <\/span><span style=\"font-size: 16px;\">CSR obligations will trigger based on <\/span>fresh annual criteria<span style=\"font-size: 16px;\">, similar to current rules but with lower thresholds\u2014meaning re\u2010evaluation each year<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Strengthened_Governance\"><\/span><span style=\"color: #000080;\">Strengthened Governance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-size: 16px;\">A mandatory <\/span>CSR Committee<span style=\"font-size: 16px;\"> must be constituted, including <\/span>Three or more directors<span style=\"font-size: 16px;\">, and <\/span><span style=\"font-size: 16px;\">At least <\/span>one director with extensive CSR experience<span style=\"font-size: 16px;\">, a new requirement<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Implementation_Timeline\"><\/span><span style=\"color: #000080;\">Implementation Timeline<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-size: 16px;\">The amendments become enforceable <\/span>after parliamentary approval and gazette notification<span style=\"font-size: 16px;\">, pending final enactment.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Practical_Impact_for_Companies\"><\/span><span style=\"color: #000080;\">Practical Impact for Companies<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-size: 16px;\">Companies previously outside CSR ambit due to smaller size are now <\/span>required to<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Constitute a CSR Committee (with expertise),<\/li>\n<li>Draft and approve a CSR policy,<\/li>\n<li>Allocate 2% of average net profits over the last three years for CSR,<\/li>\n<li>Develop mechanisms for monitoring, reporting, and transparency<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CSR EXPENDITURE BY CORPORATES\u00a0 Companies that are subject to CSR provisions are required to spend at least two percent (2%) of their average net profits made during the three (3) immediately preceding financial years on CSR activities as specified in Schedule VII of the Act and in accordance with the Company&#8217;s CSR Policy, according to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10008],"tags":[2793,4850],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22206"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=22206"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22206\/revisions"}],"predecessor-version":[{"id":30719,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22206\/revisions\/30719"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=22206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=22206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=22206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}