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Which of the following is excluded from CSR by rule 2(1)(d) of the Companies (Corporate Social Responsibility Policy) Rules, 2014?

Question and options

Which of the following is excluded from CSR by rule 2(1)(d) of the Companies (Corporate Social Responsibility Policy) Rules, 2014?

  1. Funding a project through a registered trust enrolled in Form CSR-1

  2. Contributing to the Prime Minister's National Relief Fund

  3. Training Indian sports personnel to compete at national level

  4. Sponsoring an event to gain marketing benefits for its products

Answer and explanation

Correct answer: D - Sponsoring an event to gain marketing benefits for its products

Rule 2(1)(d)(v) of the Companies (CSR Policy) Rules, 2014 excludes activities supported on a sponsorship basis to derive marketing benefits for the company's products or services. Contributions to the Prime Minister's National Relief Fund fall under item (viii) of Schedule VII, and training to promote nationally recognised sports falls under item (vii). Implementation through a registered trust enrolled in Form CSR-1 is a permitted route under rule 4.

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