The Ministry of Corporate Affairs, Government of India has invited Public Comments on Draft Companies (Corporate Social Responsibility Policy) Amendment Rules 2020.

In this regard the Ministry of Corporate Affairs, Government of India has issued a Circular which is as follows:

Corporate Social Responsibility (CSR) for companies has been mandated through Companies Act, 2013 which came into effect since 01.04.2014. Section 135 of the Act enumerates the provisions concerning CSR and the Companies (Corporate Social Responsibility Policy) Rules, 2014 prescribes the rules for implementation. All these were notified on 27th February, 2014 and came into effect since 01.04.2014. The Companies (Amendment) Act, 2019 amended section 135 dealing with Corporate Social Responsibility. The Companies (Amendment) Act, 2019 received President's assent and was published in Official Gazette on 31st July, 2019.

2. In order to operationalize the Companies (Amendment) Act, 2019, the Companies (Corporate Social Responsibility Policy) Amendment Rules , 2020 has been drafted for carrying out amendments in the Companies (CSR Policy) Rules, 2014.

3. Public comments are therefore hereby solicited on the draft Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020

ICAI as partner in Nation Building, requests members to submit their suggestions on the draft Companies (Corporate Social Responsibility Policy) Amendment Rules 2020, to be submitted to csr@icai.in before close of office hours on 25.03.2020.

With kind regards,