This book provides a comprehensive analysis of Corporate Social Responsibility (CSR) provisions in the following:

• Companies Act, 2013

• Companies (Corporate Social Responsibility Policy) Rules, 2014

The Present Publication is the latest 2022 Edition, authored by Rajesh S. Kadakia, with the following noteworthy features:

• [Updated CSR Compliance Requirements] are provided in this book

• [Explaination of CSR Provisions] with a fresh perspective & illustrations

• [Carefully Crafted to provide Insights on Complex Topics] such as:

o Activities that are regarded as CSR

o Different Applicability Criteria

o CSR Committee

o CSR Policy

o Roles & Responsibilities of Board of Directors

o Calculation of the Quantum of Spending on CSR

o Approved Modes of incurring CSR Expenditure

o Impact Assessment

• [Applicability of CSR Provisions to Section 8 & Foreign Companies] along with disclosure requirements, reports/certificates and consequences of default is also included in this book

•[Accounting Aspects & Income-tax Provisions] and interpretation regarding the deductibility of CSR expenditure is also covered in this book

• This book also consists of the following:

o Relevant Section of the Companies Act, 2013

o Schedule VII of the Companies Act, 2013

o Companies (Corporate Social Responsibility Policy) Rules, 2014

o Relevant Notifications under Companies Act, 2013

o Relevant Circulars/Clarifications under the Companies Act, 2013

The detailed contents of this book are as follows:

• Background, text, applicability and actions required upon the applicability

• Applicability to 'every company' fulfilling one of the criteria in section 135

• Applicability of section 135 to holding company or subsidiary company of a company to which section 135(1) is applicable

• CSR – Net worth criterion

• Net profits criterion (Profitability)

• Turnover criterion

• Financial year – Meaning

• CSR committee

• CSR policy

• Corporate social responsibility (CSR)

• Board of directors

• Quantum of spending on CSR (2% of average net profits plus surplus from CSR activity)

• CSR expenditure

• Implementation of CSR activities

• Preference to a local area of operation and area around it

• Impact assessment

• Ongoing project

• Implementation through implementing agencies

• Companies licensed under section 8 of the Companies Act, 2013 or section 25 of the Companies Act, 1956

• Activities under Schedule VII of the Companies Act, 2013

• Applicability to a foreign company

• Miscellaneous

• Accounting

• Disclosure requirements

• Reports and certificates

• Consequences of defaults in spending on CSR activities

• CSR – Deductibility of CSR expenses under the Income-tax Act, 1961

• CSR – Deductibility of CSR expenditure under section 80G of the Income-tax Act, 1961