The Companies Act, 2013 has introduced mandatory CSR spending for both private and public companies which cross certain threshold in terms of profit, turnover or net worth. Section 135 also specifies that every company must have a CSR policy which shall indicate the activities to be undertaken and recommend the amount of expenditure to be incurred on the activities and monitor the CSR Policy of the company. As per the CSR rules, the Contribution to Corpus of a Trust/ society/ section 8 companies etc. qualifies as CSR expenditure. However, the Contribution to these Corpus will qualify only when the Trust/ society/ section 8 companies etc is created exclusively for undertaking CSR activities or where the corpus is created exclusively for a purpose mentioned in the areas as defined in above-mentioned Schedule VII of the Act. Our team of professional provide guidance and advisory in respect of compliance related to CSR requirements.