As per the definition of an ongoing project, the maximum permissible time period shall be three financial years excluding the financial year in which it is commenced i.e., (1+3) financial years. ...
Posted on: 3 years ago
An ongoing project will have ‘commenced’ when the company has either issued the work order pertaining to the project or awarded the contract for execution of the project.
Posted on: 3 years ago
Ongoing 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 timeline not exceedin...
Posted on: 3 years ago
Pursuant to rule 4(3) of the Companies (CSR Policy) Rules, 2014, a company can engage international organisations for the limited purposes of designing, monitoring, and evaluation of the CSR projects...
Posted on: 3 years ago
No, an international organisation cannot act as an implementing agency
Posted on: 3 years ago
No. The question of filing e-form CSR-1 does not arise in case the company carries out CSR activities directly.
Posted on: 3 years ago
Since the requirement of registration has commenced from 01st April, 2021, any ongoing project which has been approved between 22nd January, 2021 and 31st March, 2021, may be carried out by an impleme...
Posted on: 3 years ago
Yes, every implementing agency mentioned in rule 4(1) of the Companies (CSR Policy) Rules, 2014 shall mandatorily register itself in the MCA21 portal w.e.f. 01st April 2021 in order to enable it to un...
Posted on: 3 years ago
The identification of suitable implementing agencies is a major concern for companies. Registration of implementing agencies on MCA21 portal is aimed at creating a database of such agencies for compan...
Posted on: 3 years ago
Registered public trust (as referred to in rule 4(1) of the Companies (CSR Policy) Rules,2014) would include trusts registered under the Income Tax Act, 1961 in respect of those states where registrat...
Posted on: 3 years ago