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    CSR Policy of a Company on the website of the Company

    Posted By : Divya Saluja / Published on : 03-Aug-2019 10:17 AM / View : 755 / Comment : 1

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    Dear Members

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    Whether display of CSR Policy of a Company on the website of the Company is mandatory or not?
    Read more on : company website policy

    • Yes, as per the Companies (Corporate Social Responsibility Policy) Rules, 2014, it is mandatory for companies that fall under the criteria mentioned in Section 135 of the Companies Act, 2013 to display their Corporate Social Responsibility (CSR) Policy on their website. The Companies Act, 2013 mandates that every company with a net worth of Rs. 500 crore or more, or a turnover of Rs. 1000 crore or more, or a net profit of Rs. 5 crore or more during any financial year shall constitute a CSR Committee and spend at least 2% of the average net profits of the company made during the three immediately preceding financial years.

      The CSR policy should include the following information:

      1. The areas or subjects in which the company intends to undertake CSR activities.
      2. The manner of execution of such activities.
      3. The modalities of the identification of the areas, projects, and programs.
      4. The monitoring process of the CSR activities.

      Additionally, the CSR policy should be approved by the Board of Directors and disclosed in the Board's Report.

      Furthermore, as per the Companies Act, 2013, the company is also required to make the details of the CSR activities undertaken during the year, the amount spent and unspent, and the reasons for such unspent amounts available on their website and in their Annual Report.

      In summary, displaying the CSR policy on the company's website is mandatory for companies that meet the criteria mentioned in Section 135 of the Companies Act, 2013. Moreover, such companies are required to spend at least 2% of the average net profits of the company made during the three immediately preceding financial years on CSR activities and disclose the details of such activities on their website and in their Annual Report.

      31-03-2023 / 04:02:25 PM
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