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(Companies (Corporate Social Responsibility Policy) Amendment Rules, 2016 dated 23th May, 2016)

Companies are now permitted to undertake CSR activities through Govt established non-profit entities established by the Central or State Government. Previously, Companies were only permitted to undertake these activities through a non-profit entity established by them or jointly with other companies. 

 

Non-profit entities can be in the form or Section 8 Company, or a registered Trust or a registered Society. It is to be noted that such companies/trust/society should have an established track record of three years in undertaking similar programs or projects.

 

Posted on: 28-05-2016