corporate social responsibility

Web Form CSR-2 – CSR & Its Compliance under Companies Act, 2013

Company Law - Learn about recent amendments to CSR rules and the filing procedure for Form CSR-2, mandated by the Ministry of Corporate Affairs. Understand the applicability, requirements, and compliance process for enhancing Corporate Social Responsibility in India....

Crucial Role of a Company Secretary in CSR Audits: Navigating CSR with Precision

Company Law - Explore the evolving role of a Company Secretary in Corporate Social Responsibility (CSR) audits. From policy formulation to program assessments, discover the multifaceted responsibilities shaping a socially responsible corporate culture....

How to calculate Net Profit For CSR Under Section 135, 198 & CSR Rules?

Company Law - Explore the intricacies of calculating net profit for CSR under Section 135 of the Companies Act. Breakdown of 2022-2023 calculations, credits, disallowed profits, deductions, and rules. A comprehensive guide for accurate CSR net profit determination...

CSR Non-Compliance: Penalty Under Section 135 – AECOM India Case

Company Law - Explore penalty order under Sec. 135 of Companies Act, 2013 on AECOM India for CSR non-compliance. Learn consequences, key takeaways, and corresponding sections....

Assessing CSR Evolution in India’s Corporate Governance

Company Law - Explore the evolution of Corporate Social Responsibility (CSR) in India, its alignment with corporate governance, and the societal impact. Assess the effectiveness, challenges, and the need for reform...

ICSI Request for extension of time period for filing of Form CSR-2

Company Law - Request for extension of time period for filing of Form CSR-2 for the financial year ended March 31, 2022 without levying additional fee...

Request for extension of time period for filing of Form CSR 2

Company Law - ICSI Request for extension of time period for filing of Form CSR 2 for the financial year ended March 31, 2022 without levying additional fee...

No specific Incentives mechanism For Utilisation of CSR Funds

Company Law - There is no specific incentive mechanism in place to incentivise the effective utilisation of Corporate Social Responsibility (CSR) funds by companies as this is a regulatory requirement under Companies Act, 2013...

No provision of social audit of CSR expenditure: Govt

Company Law - Under the current legal framework, there is no provision of social audit of Corporate Social Responsibility (CSR) expenditure made by the companies...

No structured study regarding impact of enforcement of CSR provisions- Govt

Company Law - There is no structured study carried out by the Ministry of Corporate Affairs (MCA) regarding impact of enforcement of Corporate Social Responsibility (CSR) provisions of the Companies Act,2013 (‘Act’)....

ITAT Mumbai Allows Section 80G Deduction on CSR Expenses

ACIT Vs Rustomjee Realty Private Limited (ITAT Mumbai) - In a recent decision, ITAT Mumbai allows Section 80G deduction on CSR expenses for Rustomjee Realty Pvt Ltd, challenging the disallowance by ACIT....

GST on CSR Activities: ITC Eligibility and Legal Implications

In re Adama India Private Limited (GST AAAR Gujrat) - Explore implications of GST on Corporate Social Responsibility (CSR) activities under Companies Act, 2013, and eligibility of Input Tax Credit (ITC)....

Deduction u/s 80G duly allowable even if expense is incurred for CSR

Synergia Lifesciences Pvt. Ltd Vs DCIT (ITAT Mumbai) - ITAT Mumbai held that the claim for deduction under section 80G of the Income Tax Act in respect of Corporate Social Responsibility (CSR) expenses cannot be denied....

CSR activities not eligible for input tax credit (ITC): AAR Ruling

In re Shriram Pistons And Rings Limited (GST AAR Uttar Pradesh) - Description: Read the analysis of the GST Advance Ruling (AAR) regarding the eligibility of input tax credit (ITC) for the GST paid on CSR activities by Shriram Pistons and Rings Limited. Explore the ruling's interpretation of Section 16(1) of the CGST Act, the applicability of ITC, and the implicat...

Expenditure towards CSR disallowed u/s 37 of Income Tax Act

Hindustan Construction Company Limited Vs National Faceless Assessment Centre Delhi (ITAT Mumbai) - ITAT Mumbai held that expenditure incurred towards Corporate Social Responsibility are specifically disallowed as per explanation 2 to Section 37(1) of the Income Tax Act....

Unspent CSR fund Transfer delay: Govt Reduces penalty from 67.16 Lakh to 13.43 Lakh

Order No. F.No:9/27/ADJ/SEC.135/2013/KAR NATAKA/R ER)/2023/6524 - (01/02/2024) - Learn how MCA RD reduces penalty from 67.16 Lakh to 13.43 Lakh for unspent CSR fund transfer delays. Details of the case and grounds for penalty reduction....

Unspent CSR fund Transfer delay: MCA RD Reduces penalty by 90% to Rs. 10.80 Lakh

F.No: 9/37/ADJ/SEC.135 of 2013/ROC(KA)/RD(SER)/2023/6506 - (04/01/2024) - Ministry of Corporate Affairs reduces penalty by 90% for CSR fund transfer delay by Quest Global Engineering Services Pvt. Ltd. Learn about the case and its implications....

MCA Imposes Penalty on Company & Directors for Violating Section 135(5) of Companies Act, 2013

Order No. ROC/D/Adj Order/Section 135/AECOM/1-5 - (03/01/2024) - Read about the penalty imposed on AECOM India Pvt Ltd and its directors by the Ministry of Corporate Affairs for violating section 135(5) of the Companies Act, 2013...

CSR Fund Transfer Defaut: MCA reduces Penalty from Rs. 39.09 Lakh to 5.30 Lakh

F.No:9/22/ADJ/SEC.135 OF 2013/KARNATAKA/RD(SER)/2023/5809 - (13/12/2023) - Discover how MCA reduced penalties from Rs. 39.09 Lakh to Rs. 5.30 Lakh for CSR fund transfer default by Convergint India Private Limited. Learn about the impact and reasons behind the decision....

Delay in Constitution of CSR Committee (Section 135(1): MCA Imposes Penalty

Order File No. ROC(B)/Adj.Order 454-135/Mukka Proteins Co.No.055771/2023               - (23/11/2023) - Explore the adjudication order against Mukka Proteins Limited for violating Companies Act, 2013, Section 135(1). Understand penalties imposed on the company and key personnel....

Recent Posts in "corporate social responsibility"

Web Form CSR-2 – CSR & Its Compliance under Companies Act, 2013

Learn about recent amendments to CSR rules and the filing procedure for Form CSR-2, mandated by the Ministry of Corporate Affairs. Understand the applicability, requirements, and compliance process for enhancing Corporate Social Responsibility in India....

Posted Under: Company Law |

Crucial Role of a Company Secretary in CSR Audits: Navigating CSR with Precision

Explore the evolving role of a Company Secretary in Corporate Social Responsibility (CSR) audits. From policy formulation to program assessments, discover the multifaceted responsibilities shaping a socially responsible corporate culture....

Posted Under: Company Law |

Unspent CSR fund Transfer delay: Govt Reduces penalty from 67.16 Lakh to 13.43 Lakh

Order No. F.No:9/27/ADJ/SEC.135/2013/KAR NATAKA/R ER)/2023/6524 01/02/2024

Learn how MCA RD reduces penalty from 67.16 Lakh to 13.43 Lakh for unspent CSR fund transfer delays. Details of the case and grounds for penalty reduction....

How to calculate Net Profit For CSR Under Section 135, 198 & CSR Rules?

Explore the intricacies of calculating net profit for CSR under Section 135 of the Companies Act. Breakdown of 2022-2023 calculations, credits, disallowed profits, deductions, and rules. A comprehensive guide for accurate CSR net profit determination...

CSR Non-Compliance: Penalty Under Section 135 – AECOM India Case

Explore penalty order under Sec. 135 of Companies Act, 2013 on AECOM India for CSR non-compliance. Learn consequences, key takeaways, and corresponding sections....

Posted Under: Company Law |

Assessing CSR Evolution in India’s Corporate Governance

Explore the evolution of Corporate Social Responsibility (CSR) in India, its alignment with corporate governance, and the societal impact. Assess the effectiveness, challenges, and the need for reform...

Posted Under: Company Law |

Unspent CSR fund Transfer delay: MCA RD Reduces penalty by 90% to Rs. 10.80 Lakh

F.No: 9/37/ADJ/SEC.135 of 2013/ROC(KA)/RD(SER)/2023/6506 04/01/2024

Ministry of Corporate Affairs reduces penalty by 90% for CSR fund transfer delay by Quest Global Engineering Services Pvt. Ltd. Learn about the case and its implications....

MCA Imposes Penalty on Company & Directors for Violating Section 135(5) of Companies Act, 2013

Order No. ROC/D/Adj Order/Section 135/AECOM/1-5 03/01/2024

Read about the penalty imposed on AECOM India Pvt Ltd and its directors by the Ministry of Corporate Affairs for violating section 135(5) of the Companies Act, 2013...

Corporate Social Responsibility (CSR) and Its Impact on Business

Explore significance of Corporate Social Responsibility (CSR) in business, its legal obligations, consequences of non-compliance, and effective implementation strategies....

Posted Under: Company Law |

CSR Tax Implications: Balancing Social Responsibility & Financial Compliance

Explore the tax implications of Corporate Social Responsibility (CSR) in India. Understand how CSR expenses impact deductions, taxes, and financial compliance....

Posted Under: Company Law |

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