(1)
The CSR Policy of the company shall, inter-alia, include the following, namely:-
(a) a list of CSR projects or programs which a company plans to undertake [areas or subjects specified in] [Substituted 'falling within the purview of' by Notification No. G.S.R. 895(E), dated 19.9.2018 (w.e.f 27.2.2014).] the Schedule VII of the Act, specifying modalities of execution of such project or programs and implementation schedules for the same; and
(b) monitoring process of such projects or programs:
(2)
The CSR Policy of the company shall specify that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company.