Author - Archana Balasubramanian
The governance aspect of CSR in India has received numerous and noteworthy changes in the recent past. This article presents Key Changes in 2019 and our reflections about them.
Exemptions to Start-ups: Corporations with less than 3 years of establishment, the amount to be spent on the CSR activities will be equivalent to 2% of the net profits made by the company in the previous financial year.
Carry Forward: Any unspent CSR funds during a financial year in respect to the "ongoing project", the company must transfer the amount to a special CSR Unspent Account within 30 days from the end of the financial year. « Continue Reading »
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