MCA Notification Regarding Unspent Corporate Social Responsibility Account

Unspent Corporate Social Responsibility

On 20th September 2022, the MINISTRY OF CORPORATE AFFAIRS (MCA), through Notification – CG-DL-E-21092022-238956, notified that the central government hereby further amend the Companies (Corporate Social Responsibility Policy) Rules, 2014. The rule may be called the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022, and it shall come into force on 20th September.

The rule 3 of the said Rules further states that a company having any amount in its unspent Corporate Social Responsibility account has to constitute a committee called the CSR Committee and has to comply with all the provisions mentioned under Sub – Section (2) to (6) of Section 135.

Startup CFO

Benefits Of eBook

No need to wait for few hours

No need to wait for few hours to get the delivery of physical book. Fill the details and download it now!

Easy to carry unlimited number of books wherever you go!

Easy to carry unlimited number of books wherever you go!

You may search anything

You may search anything you need to know within a book and for this; you just need to type a keyword to find the word easily.

In the news