(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 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:
Provided that the CSR activities does not include the activities undertaken in pursuance of normal course of business of a company.
Provided further that the Board of Directors shall ensure that activities included by a company in its Corporate Social Responsibility Policy are related to the areas or subjects specified in Schedule VII of the Act.
(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.