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 : Understand CSR obligations under Section 135, including eligibility, expenditure, and reporting. Key takeaway: Proper CSR complian...
Company Law : Explains the strict consequences for failing to meet CSR spending and transfer obligations under Section 135. Highlights how penal...
Company Law : Section 135 mandates companies above certain thresholds to spend 2% of profits on social initiatives, establish CSR committees, an...
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 It was highlighted that outdated informati...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...
Company Law : Overview of proposed amendments in the Companies Act, 2013, CSR monitoring framework, and steps to ensure compliance and prevent m...
Income Tax : The issue was whether CSR expenditure disallowed under Section 37(1) can still qualify under Section 80G. The Tribunal held that b...
Income Tax : The Court held that reassessment based solely on an audit objection is invalid as it constitutes a change of opinion. It emphasize...
Income Tax : ITAT held that CSR contributions can qualify for deduction under Section 80G if conditions are met. The ruling clarifies that ther...
Income Tax : ITAT held that revision under Section 263 cannot be invoked when the Assessing Officer has already examined the issue. The ruling ...
Income Tax : The issue was whether CSR expenditure qualifies for deduction under section 80G. The Tribunal held that deduction is allowable as ...
Company Law : The authority penalized the company for failing to transfer unspent CSR funds within the statutory deadline. It held that delayed ...
Company Law : The authority penalized the managing director for wrongly declaring CSR as not applicable in financial filings. It held that signa...
Company Law : The adjudicating authority penalised a company for not spending mandatory CSR funds and failing to transfer unspent amounts on tim...
Company Law : The regulator held that non-spending of CSR amounts and failure to transfer unspent funds within timelines violates section 135. S...
Company Law : The regulator held that failure to spend CSR funds or transfer unspent amounts within statutory timelines violates sections 135(5)...
Request for extension of time period for filing of Form CSR-2 for the financial year ended March 31, 2022 without levying additional fee
Section 16(1) of CGST Act, 2017 provides that input tax shall be allowed on goods or services which are used or intended to be used in the course or furtherance of business. Further, Section 17(5) disallows credit on certain goods and services.
Unlock CSR funding for your NGO! Learn about MCA Form CSR-1 registration, eligibility criteria, required documents, and the process. Secure your NGOs place in the National CSR Exchange Portal for potential funding opportunities.
Discover the implications of the Companies (CSR Policy) Amendment Rules 2021 with a critical analysis. Uncover changes in CSR activities, definitions, and spending rules. Explore the impact on ongoing projects, administration overheads, CSR committee responsibilities, reporting, and penalties for non-compliance. Stay informed about the amendments and their effect on CSR expenditure, governance, and disclosure.
ICSI Request for extension of time period for filing of Form CSR 2 for the financial year ended March 31, 2022 without levying additional fee
Explore the evolving landscape of Corporate Social Responsibility (CSR) under the Companies Act, 2013. Understand criteria, committee formation, expenditure, and consequences for non-compliance.
Explore the landscape of Corporate Social Responsibility (CSR) in India: Compliance, enforcement challenges, and future directions for sustainable business practices.
Discover the latest changes in Companies (CSR Policy) Rules, 2014 including CSR applicability, expenditure modes, penalties for non-compliance, and amendments.
Corporate Social Responsibility (CSR) is a concept that has gained considerable significance in the business world, especially in India, where companies are increasingly realizing the importance of giving back to society. In India, CSR is not only a voluntary activity but also a mandatory obligation under the Companies Act, 2013
Violation of Section 135(6) of Companies Act, 2013 by M/S. Kony India Private Limited as company failed to transfer an unspent amount of Rs. 42,09,263/- to the Unspent Corporate Social Responsibility Account within the specified time frame. The company has since transferred the amount, but a penalty has been imposed. The penalty for the company […]
