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Csr expenditure
Can CSR amount be spend through a trust newly formed or it is compulsory that the trust should be an old trust? If yes then how much old ?
Replies (4)
I dont see problem with either of the choice ..be it old or new !!!!!
Kindly refer Rule 4(2) of Companies (CSR) Rules 2014 , if the trust is not established by Company , or its holding , subsidiary or associate company than it shall have a track record of 3 years in undertaking such similar programmes or projects.
Yes I agree wth Mandar......Its 3 Years only for old firms which are not associated or created by the So called Entity !!!!
| Originally posted by : Mandar | ||
 |
Kindly refer Rule 4(2) of Companies (CSR) Rules 2014 , if the trust is not established by Company , or its holding , subsidiary or associate company than it shall have a track record of 3 years in undertaking such similar programmes or projects. |  |
Agree with the Learned Member.
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