If you have received CSR notice – You will have to file this form in reply.
Ministry of Corporate Affairs (MCA) has issued a new form under the provision of Companies Act, 2013 has issued a new eForm CFI (CSR) to enable the reply towards the CSR Notice received by the Company.
When Company receives the notice for call for information on CSR, which are non-compliant with respect to filing of CSR (Corporate Social Responsibility). Such Company have to file their response through ‘Reply to Call for information on CSR’ Form. The form is required to be filed by all the Companies which has received notice. However, this was not earlier available as well as no rule is specifically provides for the form. However, with the introduction of form under Section 206, Section 134 and Section 135 means the compliance with the filing is mandatory.
Some important aspects of eForm CFI (CSR)
There are no Rules which provides for information
1. As of now there is no filing fees for the form.
2. The form is under STP mode and will be approved automatically.
3. One of the important criteria for filing of form is Receipt of notice by the Company with “Call for Information” which will be used as a reference. After filling in ‘Call for Information’ click the Pre-fill button. On clicking the button, system shall automatically display the CIN, name, registered office address of the company, email address and Eligibility for Financial Year.
4. Form need to be filed with the Digital Signature of Director / Company Secretary / CFO / CEO / Manager
5. Form does not have any fees as of now.
6. Old replies filed by Company for CSR notice might not have to be submitted with the form. However, it is believed that new notices issued by the MCA will contain the ‘Call for Information’ Number will need to be submitted with the form.
Conclusions:
This is a welcome step by Government. This eForm will centralise all the CSR replies which companies are submitting with ROCs physically. Which was becoming very difficult to track and take action. Now with eForm for submission of replies. However, just like most of the reform, it seems even this one is executed in shabby way without giving general notice or intimation about the introduction of form.
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