Rule 3 Corporate Social Responsibility
- Chapter
- II · CSR Obligations
(1) Every company including its holding or subsidiary, and a foreign company defined under clause (42) of section 2 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013) having its branch office or project office in India, which fulfills the criteria specified in sub-section (1) of section 135 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013) shall comply with the provisions of section 135 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013) and these rules:
Provided that net worth, turnover or net profitDefined in rule 2(h): Net profit means the net profit of a company as per its financial statement prepared in accordance with the applicable provisions of the Act, but shall not include the following, namely: (i) any profit arising from any overseas branch or branches of the company, whether operated as a separate company or otherwise; a... of a foreign company of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013) shall be computed in accordance with balance sheet and profit and loss account of such company prepared in accordance with the provisions of clause (a) of sub-section (1) of section 381 and section 198 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013).
Provided further that a company having any amount in its Unspent Corporate Social Responsibility Account as per sub-section (6) of section 135 shall constitute a CSR CommitteeDefined in rule 2(e): CSR Committee means the Corporate Social Responsibility Committee of the Board referred to in section 135 of the Act and comply with the provisions contained in sub-sections (2) to (6) of the said sectionDefined in rule 2(k): section means a section of the Act; 2[(l) zero coupon zero principal instrument means an instrument declared as a security that is issued by a Not for Profit Organization registered with the Social Stock Exchange segment of a recognised Stock Exchange in accordance with the regulations made by the Securities and Exc....
of the said sectionDefined in rule 2(k): section means a section of the Act; 2[(l) zero coupon zero principal instrument means an instrument declared as a security that is issued by a Not for Profit Organization registered with the Social Stock Exchange segment of a recognised Stock Exchange in accordance with the regulations made by the Securities and Exc..., till such time it meets the criteria specified in sub-section (1) of section 135."]