**Executive Summary:**
This notification, dated September 19, 2018, introduces the Companies Corporate Social Responsibility Policy Amendment Rules, 2018. It amends the Companies Corporate Social Responsibility Policy Rules, 2014, and comes into force on the date of its publication in the Official Gazette. The amendments relate to the definitions and interpretations of Corporate Social Responsibility (CSR) activities, areas, or subjects.
**Key Points / Main Content:**
* **Amendment Rules Title and Effective Date:**
* These rules are called the Companies Corporate Social Responsibility Policy Amendment Rules, 2018.
* The rules take effect upon publication in the Official Gazette.
* **Amendments to the Companies Corporate Social Responsibility Policy Rules, 2014:**
* **Rule 2 Amendments:**
* Subclause (i) of clause (c) in subrule (1): The words ", areas or subjects" are inserted after "relating to activities".
* Subclause (ii) of clause (c) in subrule (1): The words "include activities, areas or subjects specified" are substituted for "cover subjects enumerated".
* Clause (e) in subrule (1): The words "company in areas or subjects" are substituted for "company as".
* **Rule 5 Amendment:**
* Clause (i) of subrule (1): The words "a company" are substituted for "an unlisted public company or a private company".
* **Rule 6 Amendments:**
* Clause (a) in subrule (1): The words "areas or subjects specified in" are substituted for "falling within the purview of the".
* Second proviso to clause (b) in subrule (1): The words "areas or subjects specified in Schedule VII" are substituted for "activities included in Schedule VII".
* **Rule 7 Amendment:**
* The words "areas or subjects, specified in" are substituted for "purview of".
**Impact Analysis:**
**Central Government**
*Impact:* The Central Government is the issuing authority and responsible for the enforcement of these amended rules under the Companies Act, 2013.
*Action Required:* Ensure the rules are effectively communicated and implemented.
**Companies subject to CSR Policy Rules**
*Impact:* These companies need to align their CSR policies and activities with the amended rules, particularly concerning the interpretation of eligible CSR activities.
*Action Required:* Review and update CSR policies to reflect the inclusion of "areas or subjects" in addition to activities, and ensure compliance with the amended rules.
**Corporate Affairs Professionals/Legal Teams**
*Impact:* They need to understand and interpret the changes to advise companies on compliance.
*Action Required:* Study the amendments and provide guidance to companies to ensure their CSR policies and practices align with the updated regulations.
Key Entities Referenced
Companies Act, 2013: A law enacted by the Parliament of India that governs company incorporation, regulation and winding up in India.
Central Government: The executive authority of the Union of India.
Companies Corporate Social Responsibility Policy Rules, 2014: A set of rules pertaining to Corporate Social Responsibility (CSR) policies of companies in India.
Ministry of Corporate Affairs: A ministry in the Government of India responsible for regulating corporate affairs.
New Delhi: The capital of India.
Schedule VII: A schedule related to Section 135 of the Companies Act 2013, pertaining to activities that can be included by the companies while framing their CSR policies.
K.V.R. Murty: Joint Secretary in the Government of India.
G.S.R. 895E: A notification number related to the amendment of Companies Corporate Social Responsibility Policy Rules.
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5544 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
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[फा. सं. 05/03/2018-सीएसआर]
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MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 19th September, 2018
G.S.R. 895(E).— In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section 469
of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to
amend the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely:-
1. Short title and commencement. - (1) These rules may be called the Companies (Corporate Social
Responsibility Policy) Amendment Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Corporate Social Responsibility Policy) Rules, 2014, -
(1) in rule 2, -
(a) in sub-rule (1), in sub-clause (i) of clause (c), after the words “relating to activities”, the words “,
areas or subjects” shall be inserted;
(b) in sub-rule (1), in sub-clause (ii) of clause (c), for the words “cover subjects enumerated”, the words
“include activities, areas or subjects specified” shall be substituted;
(c) in sub-rule (1), in clause (e), for the words “company as”, the words “company in areas or subjects”
shall be substituted.
(2) in rule 5, in clause (i) of sub rule (1), for the words “an unlisted public company or a private company”,
the words “a company” shall be substituted.
(3) In rule 6, -
(a) in sub-rule (1), in clause (a), for the words “falling within the purview of” the words “areas or
subjects specified in” shall be substituted;
(b) in sub-rule (1), in second proviso to clause (b), for the words, “activities included in Schedule VII” the
words “areas or subjects specified in Schedule VII” shall be substituted.
(4) in rule 7, for the words, “purview of”, the words “areas or subjects, specified in” shall be substituted.
[F. No. 05/03/2018-CSR]
K.V.R. MURTY, Jt. Secy.
Note.— The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i), vide number G.S.R. 129(E), dated the 27th February, 2014 and were subsequently amended by notification
number G.S.R. 644(E), dated the 12th September, 2014, notification number G.S.R. 43(E), dated the 19th January,
2015 and notification number G.S.R. 540 (E) dated 23rd May, 2016.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.