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MCA amended CSR provisions under the Companies Act, 2013

MCA amended CSR provisions under the Companies Act, 201

This issue of First Notes provides an overview of the revised CSR mandate.

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The Ministry of Corporate Affairs (MCA) made certain amendments in the past to the provisions of Companies Act, 2013 (2013 Act) relating to:

- Corporate Social Responsibility (CSR) through the Companies (Amendment) Act, 2019 (2019 Amendment Act) which received the assent of the President of India on 31 July 2019. Most of the amendments were made effective from 15 August 2019, except for the amendments relating to CSR.

- Decriminalisation of certain compoundable offences and rationalisation of penalties under the 2013 Act through the Companies (Amendment) Act, 2020 (2020 Amendment Act). It also included amendments relating to CSR provisions. These amendments were also not notified by MCA.

Recently, MCA has notified the CSR related amendments under the 2019 Amendment Act and 2020 Amendment Act. Amendments have also been made to the Companies (CSR Policy) Rules, 2014.

This issue of First Notes provides an overview of the revised CSR mandate.

To access the text of the:

- Notified amendments under 2019 Amendment Act, please click here

- Notified amendments under 2020 Amendment Act, please click here

- Companies (CSR Policy) Amendment Rules, 2021, please click here.

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