Major Impact.

 Corporate Social Responsibility aligned with social objective and exclusions prescribed.

 Registration of Entities for undertaking CSR Activities Implementing Agencies, to whom companies made donation, now to register themselves with RoC by filing CSR-1. If they are not registered, such entities will not be eligible for accepting CSR Contributions from the Companies.

 Trusts / Society / Section 8 Company will be allotted a unique CSR Registration Number.

 The Board of a company shall satisfy itself that the funds so disbursed have been utilised for the purposes and in the manner as approved by it and the Chief Financial Officer or the person responsible for financial management shall certify to the effect.

 Administrative Overhead can be maximum 5% of CSR Liability.

 Unspent CSR Amount to be transferred in separate account.

 Excess CSR Amount spent can now be carried forward for next 3 years. Subject to Board Approval and resolution to this effect be passed.

 Now amount spent for acquisition of Capital assets to be held by implementing agencies will also be counted as CSR Expense.

 Board Report to have now more stringent reporting mechanism for CSR