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03/09/2025
Recommendations of the 56th Meeting of the GST Council held at New Delhi
GST Council approves two-tier tax structure of 5% and 18%
CCI approves acquisition of certain share capital & voting rights of YES Bank by SMBC
NFRA to start compliance drive as several firms fail to file annual returns
CBDT eases black money rules, revises exemption threshold from Rs. 5 lakh to Rs. 20 lakh
ICAI Postponed CA Inter & Final Exams Scheduled to be held on 3rd and 4th Sept 2025
01/09/2025
Monthly GST Collections Report – August 2025
Audit committees need to ensure independence of auditors - NFRA
28/08/2025
SEBI Flags Gaps in Corporate Disclosures
27/08/2025
CBIC Urges against Speculation on GST Rates
Draft Rules for new Income Tax Act expected by year end - CBDT
Govt appoints Goldman Sachs as sole banker for stake dilution in 4 public sector banks
23/08/2025
ED arrests auditor in Falcon invoice scam worth Rs.792 Cr
 
 
  Notification/Circulars
26/08/2025
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 05 Entries
16/08/2025
Reserve Bank of India (Know Your Customer (KYC)) (2nd Amendment) Directions, 2025
Compliance with Hon’ble Supreme Court Order dated April 30, 2025 in the matter of Pragya Prasun and Ors. vs Union of India (W.P.(C) 289 of 2024) and Amar Jain vs Union of India & Ors. (W.P.(C) 49 of 2025)
14/08/2025
Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System
Investment in Government Securities by Persons Resident Outside India through Special Rupee Vostro account
06/08/2025
Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025
Reserve Bank of India (Co-Lending Arrangements) Directions, 2025
International Trade Settlement in Indian Rupees (INR)
29/07/2025
Reserve Bank of India (Investment in AIF) Directions, 2025
Relaxation of time limit for processing of ITR filed electronically which were incorrectly invalidated by CPC
Article Details
CSR Requirements as per Companies Act, 2013
As you are aware, for the first time in the world, India as a country introduced a statutory requirement for the corporate sector to discharge their social responsibility, through the Companies Act, 2013. The mandate became effective from April 1, 2014. Thus the previous financial year 2014-15 was the first year of operation of mandatory CSR norms. With this first CSR-Alert we attempt to disseminate the provisions of the CSR norms to assist you in compliance of the same. 
The corporate social responsibility (CSR) spending is applicable to following categories of companies:
a.    Companies with net worth of Rs. 500 crore or more;
b.    Companies having a turnover of Rs. 1,000 crore or more;
c.    Companies having a net profit of Rs. 5 crore or more.
The government has set out specific guidelines on how CSR activities should be handled, which are:
·         The CSR activities need to be implemented by a CSR Committee which should have an independent director.
·         The committee will be responsible for preparing a detailed plan on CSR activities, including the expenditure, the type of activities, roles and responsibilities of various stakeholders and amonitoring mechanism for such activities.
·         The Board of the company will approve the CSR policy as recommended for the company.
·         The Board to disclose the CSR policy contents in their reportand publish the details on the company's official website.
·         The company should spend 2 % of their Net Profits of the fiscal year on CSR initiatives as per the policy.
·         In case the company fails to spend the prescribed amount, the board in its report is required to specify the reasons for the failure.