Annexure I Annexure I
- Chapter
- Annexures · Forms and Registers
ANNEXUREDefined in rule 2(c): Annexure means the Annexure appended to these rules I
FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED IN THE BOARD'S REPORT FOR FINANCIAL YEAR COMMENCED PRIOR TO 1ST DAY OF APRIL, 2020
1. A brief outline of the company's CSR policyDefined in rule 2(f): CSR Policy means a statement containing the approach and direction given by the board of a company, taking into account the recommendations of its CSR Committee, and includes guiding principles for selection, implementation and monitoring of activities as well as formulation of the annual action plan, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policyDefined in rule 2(f): CSR Policy means a statement containing the approach and direction given by the board of a company, taking into account the recommendations of its CSR Committee, and includes guiding principles for selection, implementation and monitoring of activities as well as formulation of the annual action plan and projects or programs.
2. The Composition of the 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.
3. Average 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 the company for last three financial years.
4. Prescribed CSR Expenditure (two per cent. of the amount as in item 3 above).
5. Details of CSR spent during the financial year.
(a) Total amount to be spent for the financial year;
(b) Amount unspent, if any;
(c) Manner in which the amount spent during the financial year is detailed below.
Manner in which the amount spent during the financial year:
(1) S. No.
(2) CSR project or activity identified.
(3) Sector in which the Project is covered.
(4) Projects or programs (1) Local area or other (2) Specify the State and district where projects or programs was undertaken.
(5) Amount outlay (budget) project or programs wise.
(6) Amount spent on the projects or programs - Sub-heads: (1) Direct expenditure on projects or programs. (2) Overheads.
(7) Cumulative expenditure upto to the reporting period.
(8) Amount spent: Direct or through implementing agency.
Give details of implementing agency.
6. In case the company has failed to spend the two per cent of the average 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 the last three financial years or any part thereof, the company shall provide the reasons for not spending the amount in its Board report.
7. A responsibility statement of the 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 that the implementation and monitoring of CSR PolicyDefined in rule 2(f): CSR Policy means a statement containing the approach and direction given by the board of a company, taking into account the recommendations of its CSR Committee, and includes guiding principles for selection, implementation and monitoring of activities as well as formulation of the annual action plan, is in compliance with CSR objectives and Policy of the company.
Sd/- (Chief Executive Officer or Managing Director or Director) Sd/- (Chairman 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) Sd/- [Person specified under clause (d) of sub-section (1) of section 380 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013)] (wherever applicable)