The Institute of Chartered Accountants of India (ICAI) issued an advisory on 29th May, 2020 for its Members and Companies to whom CSR provisions under Companies Act, 2013 applies. In this advisory ICAI States that:
Wherever the company undertakes the CSR activity through a third party / NGO, it is advised that all such companies should obtain an Independent Practitioner’s Report on Utilisation of such CSR Funds from the auditor / CA in practice of the third party / NGO, to whom the funds are given by the Company for implementing CSR activity.
Click here to download the Full Advisory Issued by ICAI
Practicing Company Secretary, M.Com and Commerce Graduate and founder at Shaffy Mehta & Co. She is having an overall 4 years experience of Company Law and other Corporate Laws.