6/13/2016 CS PRANAV KUMAR,

6/13/2016 CS PRANAV KUMAR,

 Corporate Social Responsibility (CSR), ◦ responsibilities of Corporate world towards the society. ◦ many big entities actively engaged in the CSR activities but the number is relatively less. ◦ Around Rs crores will be ploughed in the CSR activities by the corporates covered under the CSR activities. ◦ Around 6500 companies will come under the purview to comply with the CSR activities. CSR means and includes but not limited to: Projects or Programs relating to activities specified in Schedule VII to the act; or Projects or Programs relating to activities undertaken by the board of directors of a company (Board) in pursuance of recommendation of the CSR Committee of the Board as per declared CSR Policy of the company subject to the condition that such policy will cover subjects enumerated in Schedule VII of the act. 6/13/2016 CS PRANAV KUMAR,

 LEGAL FRAMEWORK ◦ SECTION 135 UNDER CHAPTER IX SECTION 135 UNDER CHAPTER IX ◦ RULES NOTIFIED ON 27 th February, 2014, effective from 1 st April RULES NOTIFIED ◦ CSR NOW mandated responsibilities. ◦ SCHEDULE VII-ACTIVITIES LIST ◦ SECTION 134 –MANDATORY-REPORT IN DIRECTOR’S REPORT CS-R- ROLE OF CS/CA IMPORTANT As KMP As practitioner In implementing CSR 6/13/2016 CS PRANAV KUMAR,

6/13/2016 CS PRANAV KUMAR, APPLICABILITYMANAGEMENT and IMPLEMENTATION SALES >= INR 1000 CR NET WORTH >= INR 500 CR NET PROFIT >= INR 5 CR -Constitute CSR committee (3 incl. ind. Dir.) -Create CSR policy -Approve project and programs from schedule VII or in line therewith -Contribute 2 % of NET PROFIT (sec.198 excl dividend and foreign company income) after taxes to own NGO or other with 3 years track record -Activities in INDIA only -Benefits not only for employees and families -Ensure expenditure –monitor -Not more than 5% on capacity building -No political contribution -Report in director report -If not spent, give reasons -Display in website

Question Thanks Pranav Kumar  Partner- Pranav Kumar & Associates (  Director- Alacrity Corporate Solutions Pvt. Ltd. (  President- Anandashram Socio-cultural Organisation ( 3F CS 70, Third Floor, ANSAL PLAZA Sector-1, Vaishali UP India Ph: Mobile /13/2016 CS PRANAV KUMAR,