Companies (Corporate Social Responsibility Policy) Rules - Amended
RULE 4(6) of the Companies (Corporate Social Responsibility Policy) Rules reads as:
Companies may build CSR capacities of their own personnel as well as those of their Implementing agencies through Institutions with established track records of at least three financial years but such expenditure shall not exceed five percent. of total CSR expenditure of the company in one financial year .
Now this is amended to read as:
Companies may build CSR capacities of their own personnel as well as those of their Implementing agencies through Institutions with established track records of at least three financial years but such expenditure including expenditure on administrative overheads, shall not exceed five percent of total CSR expenditure of the company in one financial year .