How do companies who have given a one-time grant to NGOs account for unspent CSR funds?

• If companies have provided “One time grant” to the NGOs, that grant has to be spent within one financial year by the NGO.

• If the project does not stretch over the  financial year. These projects can be categorised under “other than ongoing projects” in the annual action plan. 
  • Under  the annual action plan, the CSR Committee of the company is required to provide modalities for utilisation of funds. 

• The CSR Committee shall recommend to the Board on budget allocation for any CSR project including modalities of utilisation of funds in every project. 

• Funds allocated to such