Company Law : Explains Directors’ Report requirements under the Companies Act, 2013, including AOC-1, AOC-2, CSR disclosures, applicability, s...
Company Law : New MCA amendments permit companies to deploy a portion of CSR funds through Zero Coupon Zero Principal instruments listed on the ...
Corporate Law : The article questions whether tree-planting claims linked to IPL dot balls are supported by verifiable evidence. It highlights the...
Corporate Law : India transformed CSR into a statutory obligation under Section 135. This shift raises key questions on its role in governance and...
Company Law : A comprehensive guide to applicability, 2% spending rule, governance structure, compliance requirements, and penalties under Secti...
Company Law : The MCA has widened CSR eligibility by recognizing subscriptions to Zero Coupon Zero Principal Instruments as a valid CSR activity...
Company Law : The issue concerns the inability to update trust details in CSR-1 registration records. It was highlighted that outdated informati...
Company Law : Public and private companies in Bihar increasingly invest in CSR, with key districts receiving substantial social development fund...
Company Law : The Ministry of Corporate Affairs confirms that CSR expenditure data for the last five years is publicly available on its CSR port...
Company Law : Government penalized companies for CSR non-compliance under the Companies Act. Details of penalties, CSR spending, and fund transf...
Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not prevent Section 80G deduction for eligible donat...
Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not bar Section 80G deduction for eligible donations...
Income Tax : ITAT Delhi held that eligible CSR donations can qualify for Section 80G deduction despite disallowance under Section 37(1) and rem...
Income Tax : ITAT Mumbai held that eligible CSR donations qualify for Section 80G deduction if statutory conditions are met, despite disallowan...
Income Tax : The ITAT held that depreciation on goodwill arising from amalgamation could not be disallowed in subsequent years after it had bee...
Company Law : ROC Cuttack imposed penalties for delayed filing of Form CSR-2 for FY 2020-21 under Rule 12(1B), including ₹2 lakh on the compan...
Company Law : ROC Cuttack imposed penalties on a company and its directors for delayed filing of Form CSR-2 for FY 2020-21 under Section 450 of ...
Company Law : ROC Cuttack imposed penalties on a company and its officers for delayed filing of Form CSR-2 for FY 2020-21 under Section 450 of t...
Company Law : ROC Kolkata imposed ₹10,000 penalty each on a company and its certifying director for incorrect CSR disclosure in AOC-4 under Se...
Company Law : ROC Chhattisgarh imposed Section 450 penalties for non-filing of Form CSR-2, while not attributing liability to one director....
The adjudicating authority penalised a company for not spending mandatory CSR funds and failing to transfer unspent amounts on time. Subsequent rectification did not erase liability for the original default.
The regulator held that non-spending of CSR amounts and failure to transfer unspent funds within timelines violates section 135. Subsequent voluntary payment does not absolve past defaults.
Failure to spend CSR funds or transfer unspent amounts within timelines was held to violate sections 135(5) and (6). Subsequent voluntary payment did not absolve liability, attracting penalties under section 135(7).
The regulator examined filing of statutory forms with incorrect financial figures. It held that later correction does not erase liability for filing defective information.
Understand CSR obligations under Section 135, including eligibility, expenditure, and reporting. Key takeaway: Proper CSR compliance ensures legal adherence and social impact.
The adjudicating authority penalised delayed transfer of unspent CSR amounts beyond the statutory timeline. The ruling underscores strict enforcement of CSR fund transfer obligations.
The Tribunal held that CSR expenditure disallowed as business expense can still qualify for deduction under Section 80G. The key takeaway is that both provisions operate at different stages of computation.
ITAT held that CSR expenditure disallowed under section 37 can still qualify for deduction under section 80G. The ruling clarifies that both provisions operate independently.
The Tribunal held that denial of CSR expenditure under Section 37 does not bar deduction under Section 80G. It ruled that eligible donations forming part of CSR must be examined under Chapter VI-A independently. The key takeaway is that CSR-linked donations can still qualify for tax relief if statutory conditions are met.
Public and private companies in Bihar increasingly invest in CSR, with key districts receiving substantial social development funding under Section 135 of the Companies Act.
