One more step towards CSR Reporting, One more amendment, one more Circular and one more Compliance in the CSR world…
Its time to facelift in the reporting manner & method of CSR Compliance and It seems that the Govt of India through MCA is keen to know about the CSR spending, CSR projects, CSR Implementing Agencies, Non-spending and above all the unspent CSR amount.
MCA through a notification no GSR (E) dated 11th Feb 2022 notifies one more amendment in the Companies (Accounts) Amendment, Rules 2022, which is applicable to the Companies covered under Section 135(1) of the Companies Act, 2013.
It says, every Company covered under the provision of Section 135(1) of the Companies Act, 2013 shall furnish a report on its Corporate Social Responsibility in the form CSR -2 to the Registrar of Companies for the preceding financial year 2020-2021 and onwards as an addendum to Form AOC 4 (or AOC 4 XBRL or AOC 4 NBFC as the case may be)
Please note that for the FY ended 31st March 2021, CSR 2 shall be filed separately in form CSR -2 on or before 31st March 2022 which shall furnish following details:
1) Basic information of the Company like
a. CIN,
b. Name,
c. Address,
d. email id
2) CSR Reporting
a. Financial year
b. SRN of AOC 4
3) CSR applicability Criteria
a. Net worth
b. Net Profit
c. Turnover
d. Criteria that triggered the CSR applicability –
4) Details of CSR Committee
a. Whether CSR Committee has been Constituted – YES/ No/ Not Applicable
i. No of Directors on CSR Committee
ii. No of CSR Committee Meeting held during the CSR Reporting Financial year
iii. Complete details of such CSR Committee Meeting –
| DIN | Name of Director |
Category | No of CSR Meeting attended during the FY |
b. Details on Company’s Website-
i. Yes/No – provide link if yes
ii. Compliance of Rule 9 of CSR Rule 2014 in respect of
iii. Disclosure of following information on Company’s website
-
-
- Composition of CSR Committee
- CSR Policy
- CSR Project Approved by Board
-
c. Details of CSR Impact Assessment
i. Whether Impact Assessment carried out by the Company;– YES/NO/ NA
ii. Whether the same is disclosed in Board Report – YES/NO
iii. Provide Link – if any
d. Complete details of amount available for Set-off – year wise break-up for THREE Financial years:
| Financial year | Amount available for Set-off |
Amount Set-off in FY (if any) |
Balance amount |
| FY 1 – 31st March 20…. | |||
| FY 2 – 31 March 20…. | |||
| FY 3- 31st March 20… |
5) Details of Completed Financial Years Since Incorporation:
a. Whether Company has completed 3 financial years since incorporation – YES/ No
b. Net Profit & Other Details for the PRECEDING financial years
| No | Particulars | Amount (in Rs) | ||
| 1 | Profit Before Tax | FY-1 | FY-2 | FY-3 |
| 2 | Net Profit Computed under Section 198 | |||
| 3 | Details of Adjusted Profit under Rule 2(1)(h) of CSR Rule 2014 as follows:
(i)any profit arising from any overseas branch or branches of the company, and (ii) any dividend received from other companies in India, which are covered under and complying with the provisions of section 135 of the Act |
|||
| 4 | Net Profit (2-3 above) | |||
c. Average Profit of the Company as per Section 135(5)
6) Details of CSR Expenses
a) 2% of Avg Net Profit as per 135(5) :
b) Surplus from CSR Project (if any) :
c) Amount required to be SET-OFF for the FY (if any) :
d) Total CSR Obligation for the FY :
7) Details of CSR Spending
a) Whether Company has Spent CSR Obligation : YES/ No
b) Details of CSR Spending on:
-
- On Going Project :
- Other than On Going Project :
- BOTH (Ongoing & other than Ongoing) :
(i) Details of CSR spending on On-Going Projects for the FY: (format Details as per Table below)
(ii) Details of other than On Going Projects for the FY : format Details as per Table below
Sr N
|
Project ID |
Activity from
|
Name of Project |
Local
|
Location |
Project
|
Amount spent
|
Mode of implementation |
||
Direct (YES/No) |
Through
|
|||||||||
CSR
|
Name |
|||||||||
(iii) Amount spent in Administrative Overheads
(iv) Amount spent on Impact Assessment (if applicable)
(v) Total amount spent for FY
(vi) Amount Unspent/ (Excess) spent for FY
(vii) Amount eligible for transfer to Unspent CSR Account for the FY
(viii) Amount to be transferred to specific fund under Schedule VII for FY
8) Details of transfer of unspent CSR amount for FY
a) Transfer to CSR unspent as per Section 135(6) – (for Ongoing Projects)
| Amount to be transferred to Unspent CSR Account | Actual amount transferred to Unspent CSR A/c | Date of Transfer | Deficiency (if any) |
b) Transfer to FUND specified under Schedule VII – (for other than Ongoing Projects)
| Amount to be transferred to the Specified Fund |
Actual amount transferred | Date of Transfer | Deficiency (if any) |
9) Reason in detail in case Company fail to spend 2% of Avg Net profit on CSR Activities
10) Details of CSR spending pertaining to preceding financial years (FY ending after CSR amendment dated 22nd January 2021), spent in current financial year (if any) : YES/ No
a) CSR spending pertaining to preceding 3 FY
| No | Preceding FY |
Amt transferred to Unspent CSR A/c |
Balance amount in Unspent CSR A/c |
Amt spent in the FY |
Amt transferred to fund specified in Sch VII |
Amt remaining to be spent in succeeding
FY |
Deficiency (if any) |
|
| Amt | Date of transfer | |||||||
| 1 | FY 1 | |||||||
| 2 | FY 2 | |||||||
| 3 | FY 3 | |||||||
b) Details of CSR amount spent for On Going Project of the preceding FY
| No | Project ID | Name of Project |
FY in which project was commenced |
Amt spent for the project @ beginning of the FY |
Amt spent in the FY | Cumulative amt spent at the end of FY | Status of Project (Completed/ On Going) |
| 1 | |||||||
| 2 | |||||||
| 3 |
c) Details of New Projects from unspent amount
i. Whether any new CSR project has been undertaken in the FY from the unspent amount pertaining to preceding 3 FY – YES / No
ii. If yes, detail of such project –
a. On Going
b. Other than On Going
c. BOTH
iii. Amount spent against new ongoing project in the FY
Sr N o |
Project ID |
FY to which the new project pertain |
CSR Activity as per Sch VI |
Name of the Project |
Local Area (Yes/N o) |
Location |
Project Duration (Month s) |
Amount spent in FY |
Mode of implementation |
||
Direct (YES/N o) |
Through Implementation Agency |
||||||||||
CSR Registration No |
Name |
||||||||||
iv. Amount spent against new other than ongoing project in the FY
Sr No |
FY to which the new project pertains |
ActivityfromSch VII |
NameofProject |
LocalArea(Yes/No) |
Location |
Amountspent inFY |
Mode of implementation |
||
Direct(YES/No) |
Through ImplementationAgency |
||||||||
CSR Registration No |
Name |
||||||||
11) Whether any unspent amount pertaining to FY 2014-15 to FY 2019-20 has been spent in the financial year
a. Yes / No
b. Details of amount spent on CSR project in the FY
Sr No |
FY to which the new project pertains |
ActivityfromSch VII |
NameofProject |
LocalArea(Yes/No) |
Location |
Amountspent inFY |
Mode of implementation |
||
Direct(YES/No) |
Through ImplementationAgency |
||||||||
CSR Registration No |
Name |
||||||||
12) Whether any Capital Asset is acquired/ Created through CSR spending in the FY
a) YES/ No
b) If yes, furnish details as below
| Sr No | Short particulars of property /asset (Including complete address & location) |
Pin code of property or asset | Date of Creation | Amount of CSR spent | Detail of entity/authority/beneficiary of regd owner |
||
| CSR Reg No | Name | Regd Address | |||||
13) Whatever is stated in the form including attachment (if any) in the form is true, correct and complete and no information material to the subject matter of this form has been supressed or concealed and is as per the original records maintained by the Company.
14) The required information have been completely and legibly attached to this form
The form is required to be sign by any one DIRECTOR of the Company
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