GST Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


E-Form CSR-1 is required to be filed pursuant to the provisions of section 135 of the Companies Act, 2013 and Rule 4(1) and (2) of the Companies (Corporate Social Responsibility Policy) Rules, 2014.

Further in accordance with the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, company can undertake CSR activities either itself or through any of the following entities:

  1. A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961), established by the company, either singly or along with any other company, or
  2. A company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government; or
  3. Any entity established under an Act of Parliament or a State legislature; or
  4. A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80G of the Income Tax Act, 1961, and having an established track record of at least three years in undertaking similar activities.

The above mentioned entities who intends to undertake any CSR activities shall mandatory to get registered with the Ministry of Corporate Affairs (MCA) by filing E-From CSR-1 with effect from 01st April, 2021

These provisions shall not apply to any CSR projects or programs approved prior to the 01st April, 2021 and so the implementing agencies shall not require to file E-Form CSR-1 for ongoing projects undertaken prior to 01st April, 2021

Further if the company itself carries out the CSR activities, there is no requirement of filing E-Form CSR-1.

Form No. CSR-1 - Registration Of Entities For Undertaking CSR Activities

Mandatory Documents

  1. Copy of Registration Certificate
  2. Copy of entities PAN Card

Signing and Certification of E-Form CSR-1

Form should be digitally signed by:

Type of Entity

To be signed by

In case of Section 8 Company

Any Director

In case of Registered Public Trust

Any one of the Trustee or CEO

In case of Registered Society

Chairperson/CEO/Secretary

In case of Entity established under ACT of Parliament or State Legislature

Authorized Representative

 

E-Form CSR-1 should be certified by a Chartered Accountant/ Cost Accountant or Company Secretary in whole-time practice.

Approval

Once the E-Form CSR-1 is submitted on MCA Portal, it will be processed in STP mode and a unique CSR Registration Number with Format CSRXXXXXXXX will be generated by the system automatically and approval letter will be mailed to entity.

 

The author can also be reached at csneharedekar@gmail.com

Disclaimer: Please note that the above article is based on the interpretation of related laws, which may differ from person to person and is not legal advice.


Tags :



Category Corporate Law, Other Articles by - Neha Rajan Redekar 



Comments


update