MCA clarification on CSR _17th sept 14

MCA has issued a consequential clarification on 17^th September 2014 .

This clarification is required due to the changes made in the CSR rule on 12^th September 2014 mentioning that “Administrative overhead”  will be allowed subject to  cap on the maximum amount imposed in this regard in the rule ( 5% of the total CSR )

18^th June 2014 clarification (Point No 4) whose language was like the following has been deleted

“Salaries paid by the companies to regular CSR staff as well as to volunteers of the companies (in proportion to company’s time/hours spent specifically on CSR) can be factored into CSR project cost as part of the CSR expenditure”.


http://www.mca.gov.in/Ministry/pdf/circular_36_17092014.pdf