CSR Account definition

CSR Account means an account established on the Company’s books and records on behalf of a CSR Participant equal to the CSR Participant’s CSR Deferral Account.
Sample 1Sample 2Sample 3

Examples of CSR Account in a sentence

  • Any surplus arising out of the CSR activities shall not form part of the business profit of a company and shall be ploughed back into the same project or shall be transferred to the Unspent CSR Account and spent in pursuance of CSR policy and annual action plan of the company or transfer such surplus amount to a Fund specified in Schedule VII, within a period of six months of the expiry of the financial year.

  • The Change in Control Benefit for a Participant or a CSR Participant shall be equal to the Participant’s Account balance or the CSR Participant’s CSR Account balance, as applicable, calculated as of the close of business on the date of the Change in Control, and shall be paid in a cash lump sum within 60 days of the Participant’s or CSR Participant’s Distribution Date.

  • Each CSR Participant who has a Separation from Service shall be entitled to receive his or her CSR Account balance, calculated as of the close of business on the business day immediately preceding the CSR Participant’s Distribution Date.

  • Therefore, the total amount required to be spent during financial year 2020 – 2021 pursuant to Section 135 (5) of the Companies Act was Rs. 73,14,52,057.* Rupees One Crore given to PM CARES FUND has been subsequently withdrawn from the Unspent CSR Account with Bank as the same was inadvertently not included in the total amount spent for FY 2020-21 while arriving at the balance of unspent amount.

  • CSR amount spent or unspent for the financial year : Total Amount Spent for the Financial Year.(in <)Amount Unspent (in <.)Total Amount transferred to Unspent CSR Account as per section 135(6).Amount transferred to any fund specified under Schedule VIIas per second proviso to section135(5).

  • Also include amount of Rs. 0.75 crore, which was unspent as on 31st March, 2020.9. (a) Details of Unspent CSR amount for the preceding three financial years: Sl. No.Preceding Financial Year.Amount transferred to Unspent CSR Account under section 135 (6) (in Rs. crore)(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): Not applicable, as concept of “onging project” has been introduced in the CSR Amendment Rules w.e.f 22nd January, 202110.

  • If a Participant, an FBU Participant or a CSR Participant fails to designate a Beneficiary or, if no Beneficiary survives the participant (or if no Beneficiary survives until the complete distribution of the Participant’s vested Account balance, the FBU Participant’s vested FBU Account balance and any FBU Transferred Account balance or the CSR Participant’s CSR Account balance), then the participant’s Beneficiary shall be deemed to be his or her surviving spouse.

  • A Participant, an FBU Participant or a CSR Participant who experiences an Unforeseeable Emergency may file a request with the Benefits Committee to receive a distribution from his or her vested Account balance, vested FBU Account balance or CSR Account balance, as the case may be, equal to an amount reasonably necessary to satisfy his or her emergency financial need and pay any taxes and penalties reasonably anticipated as a result of the distribution.

  • The full payment of a Participant’s vested Account balance, an FBU Participant’s vested FBU Account and any FBU Transferred Account and a CSR Participant’s CSR Account balance shall completely discharge all obligations to such Participant, FBU Participant or CSR Participant and his or her Beneficiary under the Plan, and the Participant’s, FBU Participant’s or CSR Participant’s Plan Agreement shall terminate.

  • Against the unspent CSR amount of ₹ 64.31 lakhs, the Company has allocated ₹ 70 lakhs towards an ‘Ongoing Project’ and the said sum has been transferred to an Unspent CSR Account in compliance with the provisions of the Companies (Corporate Social Responsibility) Rules, 2014 as amended.

Related to CSR Account

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Regular account means the account established for each active and inactive member un-

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Member Account means the regular account and the variable account.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Billing Account is the checking account from which all Service fees will be automatically debited.