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Csr activities
Could you pl confirm whether to carry out CSR activity, a company can float a charitable trust as settlor and PROMOTER director as Trustees.Can this new Trust shall carry out the CSR activities on behalf of Company or for other companies also?
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| Originally posted by : CA Sanjay Dewan | ||
 |
Could you pl confirm whether to carry out CSR activity, a company can float a charitable trust as settlor and PROMOTER director as Trustees.Can this new Trust shall carry out the CSR activities on behalf of Company or for other companies also? |  |
Definetly, a company can float a trust/society/company. Kindly refer Rule 4 of the Companies (CSR Policy) Rules, 2014.
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