The MCA vide its Notification No. G.S.R. 107(E) dtd. 11th February, 2022, notified Companies (Accounts) Amendment Rules, 2022 and introduced the concept of Report on Corporate Social Responsibility (CSR) in form CSR-2.

To build a better understanding and to have a clear picture, let’s have a look at the amendments:

1. Insertion of sub-rule (1B) in Rule 12:

(1B) Every company covered under the provisions of sub-section (1) to section 135 shall furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar for the preceding year (2020-2021) and onwards as an addendum to form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be:

Provided that for the preceding year (2020-2021), Form CSR-2 shall be filed separately on or before 31st March, 2022, after filing form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.”

2. Deferment in due date of filing:

Vide Companies (Accounts) Second Amendment Rules, 2022, the due date of filing form CSR-2 for F.Y. 2020-21 was extended up to 31st May, 2022.

3. Deferment in due date of filing and insertion of proviso:

Vide Companies (Accounts) Third Amendment Rules, 2022, the due date of filing form CSR-2 for F.Y. 2020-21 was extended up to 30th June, 2022.

Also, the following second proviso to sub-rule (1B) was added:

“Provided further that for the financial year 2021-2022, Form CSR-2 shall be filed separately on or before 31st March, 2023 after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.”

CONCLUSION: Keeping in view the above developments, it can be concluded that, Companies falling under the provisions of Section 135 of the Companies Act, 2013, are required to furnish form CSR-2 for F.Y. 2021-22, on or before 31st March, 2023. However, the same shall be filed separately for this F.Y. and not as an addendum to form AOC-4.

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