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-KANCHAN KUMARI
(Roll No-13)
DEPARTMENT OF COMMERCE AND
BUSINESS STUDIES
Submitted to-
Dr RACHNA VISHWAKARMA
(Assistant Professor)
 CSR-(Corporate social responsibility) is a self
regulating business model that helps a company
be socially accountable.
 By practicing this company can be conscious
about the impact that they are having on all
aspects of society, including economic, social,
and environmental.
 Benefits of CSR –
-Organizational growth
-Better Brand recognition
-Identify new Business opportunities
-increased sales and customer loyalties
 Corporate social responsibility was introduced first
time as a statutory obligation for companies in
2014 under (section-135) .
 Recently on 22nd January 2021, the Ministry of
corporate affairs issued CSR policy Amendment
rule .
 Key changes introduced in 2021 Amendment –
 1.Changes in definition clause-
-a) Definition of Administrative overheads- Under
section 2(b) refers to expenses incurred by the for
general management and adm in relation to CSR
function , do not exceed 5 %of company’s total CSR
expenses.
-b)Definition of CSR – u/s-2(d) refers to activities
undertaken by a company for meeting CSR
obligation.
-R&D in relation to covid-19, CSR obligation for three
financial year.
-Contribution to any political party not qualify as
CSR.
-c)Definition of CSR Policy- recommendation of CSR
Committee, includes guiding principles,
implementation and monitoring of activities.
-d) Definition of International organization
-e) Definition of ongoing project
-f) Definition of public authority
-2) Changes in Rule 4- CSR Implementation
-Under new rule, company is allowed to undertake
its CSR implementation either by itself or through
another company established u/s8 , of the
companies act.
-3.)Changes in Rule 5- CSR Committee
-Given task to formulating and recommending to
board .
-4.) Changes in Rule 7- CSR Expenditure
-Administrative overhead in relation to CSR does not
exceed 5% of total CSR expenditure of the
company.
-Set off any excess amount spent by it for CSR upto
immediate succeeding three finacial year.
-5) Changes in Rule 8- CSR Reporting
-companies having average CSR obligation of 10 cr, or
more in 3 immediate financial years are required to
undertake impact assessment through an
Independent agency of their CSR project.
--6)Changes in Rule 9- Display of CSR activities on
website
-Disclose the composition of CSR Committee, CSR
Policy, and projects on their website for public
access.
-Investors becomes aware .
 Conclusion-
 The New CSR Policy 2021, has greatly changed the
CSR regime.
 New rules have defined the concept in detailed and
structured way.
 Considering the overall scheme and the underlying
intention the New Rule paints a promising picture for
India’s CSR regime .
END
*

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Busines environment present

  • 1. -KANCHAN KUMARI (Roll No-13) DEPARTMENT OF COMMERCE AND BUSINESS STUDIES Submitted to- Dr RACHNA VISHWAKARMA (Assistant Professor)
  • 2.  CSR-(Corporate social responsibility) is a self regulating business model that helps a company be socially accountable.  By practicing this company can be conscious about the impact that they are having on all aspects of society, including economic, social, and environmental.  Benefits of CSR – -Organizational growth -Better Brand recognition -Identify new Business opportunities -increased sales and customer loyalties
  • 3.  Corporate social responsibility was introduced first time as a statutory obligation for companies in 2014 under (section-135) .  Recently on 22nd January 2021, the Ministry of corporate affairs issued CSR policy Amendment rule .  Key changes introduced in 2021 Amendment –  1.Changes in definition clause- -a) Definition of Administrative overheads- Under section 2(b) refers to expenses incurred by the for general management and adm in relation to CSR function , do not exceed 5 %of company’s total CSR expenses.
  • 4. -b)Definition of CSR – u/s-2(d) refers to activities undertaken by a company for meeting CSR obligation. -R&D in relation to covid-19, CSR obligation for three financial year. -Contribution to any political party not qualify as CSR. -c)Definition of CSR Policy- recommendation of CSR Committee, includes guiding principles, implementation and monitoring of activities. -d) Definition of International organization -e) Definition of ongoing project -f) Definition of public authority
  • 5. -2) Changes in Rule 4- CSR Implementation -Under new rule, company is allowed to undertake its CSR implementation either by itself or through another company established u/s8 , of the companies act. -3.)Changes in Rule 5- CSR Committee -Given task to formulating and recommending to board . -4.) Changes in Rule 7- CSR Expenditure -Administrative overhead in relation to CSR does not exceed 5% of total CSR expenditure of the company. -Set off any excess amount spent by it for CSR upto immediate succeeding three finacial year.
  • 6. -5) Changes in Rule 8- CSR Reporting -companies having average CSR obligation of 10 cr, or more in 3 immediate financial years are required to undertake impact assessment through an Independent agency of their CSR project. --6)Changes in Rule 9- Display of CSR activities on website -Disclose the composition of CSR Committee, CSR Policy, and projects on their website for public access. -Investors becomes aware .
  • 7.  Conclusion-  The New CSR Policy 2021, has greatly changed the CSR regime.  New rules have defined the concept in detailed and structured way.  Considering the overall scheme and the underlying intention the New Rule paints a promising picture for India’s CSR regime . END
  • 8. *