CSR-1 – Registration of Entities for undertaking CSR Activities

As per the notification issued by the Ministry of Corporate Affairs dated 22nd January 2021 it is mandatory for all NGO’s who want to raise CSR Funding to enroll with MCA w.e.f 01/04/2021 to get CSR funding.

Eligibility

It may be noted that the following entities are eligible to file e-form CSR-1 on MCA Portal for getting CSR Funding:

(a) 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

(b) 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

(c) any entity established under an Act of Parliament or a State legislature; or

(d) 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 has an established track record of at least three years in undertaking similar activities.

Crux:

It may be noted that Company established under section 8 of the Act, or a registered public trust or a registered society not established by any corporate house shall be eligible to file the e-form CSR-1 on MCA Portal for getting CSR Funding only if it meets the following two conditions:

i) It must be registered under section 12A and 80G of the Income Tax Act, 1961, and

ii) It must have an established track record of at least three years in undertaking
similar activities.

Checklist

Details of the information/documents required for filing of e-Form CSR-1:

1. Copy of PAN Card of the entity;

2. E-mail id and contact number of the concerned person;

3. Details of Governing Body of the entity;

4. Copy of Registration Certificate of the entity;

5. Digital Signature Certificate of the Authorised Person with his/her PAN Number

Note: This editorial is just for knowledge sharing and not a professional advice.