Rule 8 provides that the Board’s Report must include an annual report on CSR containing particulars specified in the Annex to the Rules, including, for example, the sector in which projects are undertaken, detailed breakdown of amount spent, and the area in which the project was implemented.
Rule 8. CSR Reporting—
(l) The Board’s Report ofa company covered under thes€ rules pertaining to a financial year commencing on or after the 1st day of April, 2014 shall include an annual repoft on CSR containing particulars specified in Annexure.
(2) In case of a foreign company, the balance sheet filed under sub-clause (b) of sub-section (l) of section 381 shall contain an Amexure regarding report on CSR.
Regulation / India / Companies Corporate Social Responsibility Policy Rules 2014
The Companies (Corporate Social Responsibility) Rules, 2014 came into effect on the 1st of April 2014, pursuant to the power given to the central government under sections 469 and 467 of the Companies Act (2013). The Rules set out specific requirements for the CSR activities and reporting duties of corporations in this area.