Companies (CSR Policy) Amendment Rules, 2018 notified by MCA: Rules 2, 5, 6, 7 amended

Companies (CSR Policy) Amendment Rules, 2018 notified by MCA: Rules 2, 5, 6, 7 amended

MCA has notified the Companies Corporate Social Responsibility (CSR) Policy Amendment Rules, 2018, whereby Rules 2, 5, 6 and 7 have been amended, as under:

Companies (CSR Policy) Amendment Rules, 2018: MCA Notification dt. 19 Sept. 2018

G.S.R…(E).- In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely:-

1. Short title and commencement.- (1) These rules may be called the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Corporate Social Responsibility Policy) Rules, 2014,

(1) in rule 2,

(a) in sub-rule (1), in sub-clause (i) of clause (c), after the words ”relating to activities”, the words “, areas or subjects” shall be inserted;

(b) in sub-rule (1), in sub-clause (ii) of clause (c), for the words “cover subjects enumerated”, the words ”include activities, areas or subjects specified” shall be substituted;

(c) in sub-rule (1), in clause (e), for the words ”company as”, the words ”company in areas or subjects” shall be substituted.

(2) in rule 5, in clause (i) of sub rule (1), for the words ”an unlisted public company or a private company”, the words ”a company” shall be substituted.

(3) In rule 6,

(a) in sub-rule (1), in clause (a), for the words ”falling within the purview of” the words ”areas or subjects specified in” shall be substituted;

(b) in sub-rule (1), in second proviso to clause (b), for the words, “activities included in Schedule VII” the words ”areas or subjects specified in Schedule VII” shall be substituted.

(4) in rule 7, for the words, ”purview of”, the words ”areas or subjects, specified in” shall be substituted.

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.129(E), dated the 27th February, 2014 and were subsequently amended by notification number G.S.R. 644(E), dated the 12th September, 2014, notification number G.S.R. 43(E), dated the 19th January, 2015 and notification number G.S.R. 540(E) dated 23rd May, 2016.

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