On September 24, 2024, the Ministry of Corporate Affairs (MCA) issued G.S.R. 587(E), amending the Companies (Accounts) Rules, 2014. This amendment, made under the provisions of the Companies Act, 2013, affects the filing process of the Corporate Social Responsibility (CSR) report for financial year 2023-2024. According to the new rule, companies must file Form CSR-2 separately by December 31, 2024, after submitting Form AOC-4 or Form AOC-4-NBFC (Ind AS), depending on the company’s requirements, or Form AOC-4 XBRL, as specified under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. This amendment aims to streamline the CSR filing process while providing companies additional time to comply with their reporting obligations. The Companies (Accounts) Rules, 2014, were originally published in 2014 and have undergone several amendments, with the last revision made in May 2023. This latest update reflects the government’s ongoing effort to ensure accurate reporting and transparency in corporate governance, particularly in CSR activities.
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 24th September, 2024
G.S.R. 587(E).—In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:
1. Short title and commencement. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
- In the Companies (Accounts) Rules, 2014, in rule 12, in sub-rule (1B), after the third proviso, the following proviso shall be inserted, namely:
“Provided also that for the financial year 2023-2024, Form CSR-2 shall be filed separately on or before 31st December, 2024 after filing Form No. AOC-4 or Form No. AOC-4-NBFC (Ind AS), as specified in these rules or Form No. AOC-4 XBRL as specified in the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015 as the case may be.”
[F. No. 1/19/2013-CL-VPartIV-Part(1)]
MANOJ PANDEY, Addl. Secy.
Note : The principal rules were published in the Gazette of India Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 239(E), dated the 31st March, 2014 and was last amended vide notification number G.S.R. 408(E), dated the 31st May, 2023.
