Companies can omit important information under new CSR disclosure rules

New rules let companies omit details like title, location, and duration of the business's CSR project, budget allotted for it, the amount spent on it during the current fiscal year among others

The Ministry of Corporate Affairs (MCA) has limited details that companies must give about their corporate social responsibility (CSR) projects in their annual reports, according to a notification from the ministry. The Economic Times reported that the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022, which was published on September 20, has revised Annexure II, among other things, which outlines the manner in which CSR activities are reported in annual reports.

Details pertaining to the companies' contributions to ongoing and additional CSR programmes are not included in the amended Annexure II.

The details omitted include the title, location, and duration