Amendment in CSR provisions

The threshold limit for applicability of Section 135 is required to be reviewed in immediately preceding financial year.
Amendment in section & corresponding rules allows composition of CSR committee with 2 or more directors in case the company is not required to appoint ID under section 149(4).
Modification for areas or subjects as provided in Schedule VII within which CSR activities could be taken up by an eligible company.
Amendment in explanation to 135(5) in relation to the meaning of net profit, to curb disharmony between act and rules.