MCA has notified Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 on 22nd January, 2021.
The application needs to be filed on Form CSR-1 uploaded on the MCA portal.
Who can Undertake the CSR Activities?
Every entity who is covered under these rules, shall undertake any CSR activity through itself or through–
- a company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961), established by the company, either singly or along with any other company, or
- a company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government; or
- any entity established under an Act of Parliament or a State legislature; or
- a company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80G of the Income Tax Act, 1961, and having an established track record of at least three years in undertaking similar activities.
Registration:
Every entity, covered under sub-rule (1), who intends to undertake any CSR activity, shall register itself with the Central Government by filing the form CSR-1 electronically with the Registrar, with effect from the 01st day of April 2021.
- CSR-Registration No.:
- On the submission of the Form CSR-1 on the portal, a unique CSR Registration Number shall be generated by the system automatically for your organization.
- Documents/Details required for Registration:
- Name of the Organization
- Date of Incorporation
- Address
- PAN of entity
- List out the CSR activities undertaken in last 3 years
- Email ID of the Organization for OTP verification
- Details of the Board of Trustee/ Director/ chairman/ CEO/ Secretary/ AR of the entity.
- Registration Certificate & Resolution to authorize to sign this Form.
- Certificate of Chartered Accountant
- Is Company established by any company or group of companies?
Disclaimer:- The information compiled is my personal observation and Interpretation of the Companies Amendment Rules, 2021. The Author and publisher disclaim any liability in connection with use of this information.
if a company has made direct payment towards CSR activity without involving trust/society etc.
whether CSR-1 is required or Not fro that company. pls confirm it
No, Form CSR-1 is required to file only by implementing Agency.