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New Rules Governing Corporate Social Responsibility - Corporate/Commercial Law

To print this article, all you need is to be registered or login on Mondaq.com. On January 22, 2021, the Government of India brought into effect the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 (“ Rules”). The Rules amended the exiting Companies (Corporate Social Responsibility Policy) Rules, 2014 (“ Existing Rules”). To address the pandemic, the Rules have amended the definition of Corporate Social Responsibility (“ CSR”) to clarify that activities undertaken in pursuance of normal course of business of the company shall not be included under the ambit of CSR. However, the Rules do make an exception. Any company engaged in research and development

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