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Compliance for csr

Priya (Professional) (117 Points)

06 March 2019

A company has received a notice from ROC to file CFI CSR form for CSR compliance done by the company for the FY 2015-16. The Company has not spend the amount on the CSR activities and has also not stated any reason for non compliance of the same in its Directors Report.

Now will filing of form CFI CSR will suffice the requirement of ROC or any penalty will be imposed in this regard.

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5 Replies

CS Vasudev Sharma (Service) (392 Points)
Replied 07 March 2019

You first fill and submit the form. After considering the merits of your reply and nature of your violations RoC will issue SCN. Meanwhile you visit the RoC office and ask for help in this matter. You can also take the help of Practicing Company Secretaries, as these people are familiar with the RoC.

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Priya (Professional) (117 Points)
Replied 07 March 2019

Thanks for your reply sir.

shumayla (CS) (134 Points)
Replied 08 March 2019

i have handled one of the same case where our client company had not been showned the reasons for not spending in the Board Report. I have filed that Call for Information stated that the reasons for unspent amount is not finding the particular activities as per schedule.And the same is been recorded.

No objection is been recieved from the ROC. Meanwhile you can visit there for further clarification.