WebMar 17, 2024 · What is ongoing project? As per Companies (CSR Policy) Amendment Rules 2024, ‘Ongoing project’ means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was … WebThe Truth About CSR. Most of these programs aren’t strategic—and that’s OK. Summary. Despite the widely accepted ideal of “shared value,” research led by Harvard Business …
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WebMar 15, 2024 · Accordingly, MCA has proposed changes [1] in the CSR Rules vide proposal dated March 13, 2024. Substantial changes have been proposed viz. definition of ongoing projects, that the implementing agencies could be only section 8 companies or a government entity, registering of such implementing agencies by filing e-form CSR-1 with … WebDec 23, 2024 · Apart from the above 5 core programs, currently the foundation is engaged in 8 ongoing CSR projects linked with remedial and supplementary education, sponsorship, employability and income generation. so good chinese takeaway broxburn
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WebOngoing project has been defined under rule 2(1)(i) of the Companies (CSR Policy) Rules, 2014 as: a multi-year project, stretching over more than one financial year; having a … WebMar 14, 2024 · Section 135(6) of the Companies Amendment act provides that an unspent amount of CSR funds on account of ongoing projects shall be transferred to a Separate Bank Account titled “Unspent Corporate Social Responsibility Account ” within 30 days of the close of the financial year. WebFeb 16, 2024 · Monitoring and evaluation –While it is the general mandate for the board to ensure that the CSR funds are spent in accordance with the CSR policy of the company (see, section 135(5)), the specific responsibility of the board with respect to ongoing projects has been provided for in rule 4(6) of CSR Rules, where the board has to … slow teaching