CSR applicability

[Aanchal Chopra]

Dear members

Please suggest whether csr will always  be applicable to a section 8 company even though it does not fulfil the criteria? 

Regards

CS Aanchal chopra

[Jayaraj Potty]

no. Exit is available in the next fiscal year  if the criterias are not . pl refer sec135  year 2022 amendment

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Thanks and Regds

Jayaraj
Company Secretary
No. 179, III Cross, 5th " A" Main
Srinivasa Nagar, Near Garden City College
Kithigannur Main Road
Krishnarajapuram
Bangalore- Pin:560 036
Phone: Mobile : 9844291692

[PALAK SHAH]

Corporate Social Responsibility (CSR) is a voluntary initiative taken by companies to contribute to societal and environmental well-being. Section 8 of the Companies Act, 2013 in India pertains to not-for-profit organizations, commonly known as Section 8 companies.

While Section 8 companies are exempt from certain provisions of the Companies Act, they are not automatically exempt from CSR requirements. The applicability of CSR provisions to a Section 8 company depends on its annual turnover, net worth, and profitability. If a Section 8 company meets the prescribed financial criteria specified under the Companies Act, it will be obligated to fulfill CSR requirements similar to any other company.

However, it's important to note that even if a Section 8 company doesn't meet the criteria, it can still choose to undertake CSR activities voluntarily, as it is seen as a responsible and ethical approach. Engaging in CSR initiatives can enhance the organization's reputation, build community relationships, and align with its overall mission.

Ultimately, the decision to undertake CSR activities by a Section 8 company depends on its goals, resources, and strategic priorities. While not mandatory for all Section 8 companies, CSR is still an option that can be chosen for its potential benefits.

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[karankanahi]

*Any listed BSE/NSE nbfc or company with you for Open offer with minimum 33% holding and above ??*

*Need 0% holding company also for IBC !!*

*Looking for group of hospital for acquisition in North India.*

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[Anirudh Tanwar]

Please share your requirements for Hospitals on Anirudh...@gmail.com

Kind Regards,

Anirudh  Kumar Tanwar

M.Com (Accounts & Business Statistics)

Practicing Company Secretary

Registered Valuer - IBBI

Peer Reviewer -ICSI

Cell - 8268649291

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Best Regards,

Anirudh