(3) (a) Every company having average CSR obligation of ten crore rupees or more in pursuance of subsection (5) of section 135 of the Act, in the three immediately preceding financial years, shall undertake impact assessment, through an independent agency, of their CSR projects having outlays of one crore rupees or more ...
(3) A company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR Committees of respective companies are in a position to report separately on such projects or programs in accordance with these rules.
Rule 3(2) mentioned that every company which ceases to be a company covered under section 135(1) of the Act for three consecutive financial years shall not be required to comply with CSR related provisions.
Rule 8 of the CSR Rules provides that the companies, upon which the CSR Rules are applicable on or after 1st April, 2014 shall be required to incorporate in its Board's report an annual report on CSR containing the following particulars: • A brief outline of the company's CSR Policy, including overview of projects or ...
The Board of Directors of the Company shall mandatorily disclose the composition of the CSR Committee, and CSR Policy and Projects approved by the Board on their website, if any, for public access.
As per Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, every listed company and every other public company having a paid-up share capital of ten crore rupees or more shall have whole-time key managerial personnel.
Rule 8(5)(iv) of The Companies (Accounts) Rules, 2014: The report of the Board shall also contain the names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year; Continue…….
-(1) A name applied for shall be deemed to resemble too nearly with the name of an existing company, if, and only if, after comparing the names applied for with the name of an existing company by disregarding the matters set out in sub-rule (2), the names are same.
(8) No person shall hold the position of small shareholders' director in more than two companies at the same time: Provided that the second company in which he has been appointed shall not be in a business which is competing or is in conflict with the business of the first company.
(1) A private company other than a company registered under section 8 of the Act having paid up share capital of fifty lakhs rupees or less or and average annual turnover during the relevant period having paid up share capital of fifty lakhs rupees or less and average annual turnover, during the relevant period is two ...
Rule 8 requires every company having average CSR obligation of ten crore rupees or more in pursuance of section 135(5) of the Act, in the three immediately preceding financial years, shall undertake impact assessment, through an independent agency, of their CSR projects having outlays of one crore rupees or more, and ...
(3) Where a natural person, being member in One Person Company in accordance with this rule becomes a member in another such Company by virtue of his being a nominee in that One Person Company, such person shall meet the eligibility criteria specified in sub rule (2) within a period of one hundred and eighty days.
Rule 3. One Person Company.—(1) Only a natural person who is an Indian citizen and resident in India- (a) shall be eligible to incorporate a One Person Company; (b) shall be a nominee for the sole member of a One Person Company.
What are the four types of corporate social responsibility? The four main types of CSR are environmental responsibility, ethical responsibility, philanthropic responsibility and economic responsibility.
Five major phases of CSR are described: CSR-1: Corporate Social Trusteeship; CSR-2: Corporate Social Responsiveness; CSR-3 Corporate- Business Ethics; CSR-4: Corporate Global Citizenship; and CSR-5: Toward a Millennial Future.
What are the three pillars of CSR ? The three pillars are economic, social and environmental. A company's sustainable development strategy focuses on these three key topics and action plans are created based on them.
As per Rule 8A: appointment of a company secretary is made by every company other than a company covered under Rule 8 having paid up share capital of % Crore or more is required to appoint a whole-time company secretary.
(8) A copy of gist along with critical elements of the valuation report obtained under clause (6) and clause (7) shall be sent to the shareholders with the notice of the general meeting. (b) where clause (a) is not applicable, it shall be expensed as provided in the accounting standards.
As per Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a company other than a company which is required to appoint a whole time key managerial personnel which is having paid up share capital of Rs. 5 Crores or more shall have a whole time Company Secretary.
Every person who has been appointed to hold the office of a director shall on or before the appointment furnish to the company a consent in writing to act as such in Form DIR-2: Provided that the company shall, within thirty days of the appointment of a director.
Rule 14 (8):a company shall issue private placement offer cum application letter only after the relevant special resolution or Board resolution has been filed in the Registry: Provided that private companies shall file with the Registry: copy of the Board resolution or special resolution. with respect to approval U/s.
Rule-8: Matters to be included in Board's report
(2) The Report of the Board shall contain the particulars of contracts or arrangements with related parties referred to in sub-section (1) of section 188 in the Form AOC-2.
(1) The books of account and other relevant books and papers maintained in electronic mode shall remain accessible in India, at all times accessible in India so as to be usable for subsequent reference.
(1) The subscriber to the memorandum of a One Person Company shall nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber's death or his incapacity to contract, become the member of that One Person Company.