CSR Compliance
Comprehensive assistance in planning, implementing, and reporting CSR activities as mandated under Section 135 of the Companies Act, 2013.Plan Overview
Corporate Social Responsibility (CSR) compliance is mandatory for certain companies under the Companies Act, 2013. As per Section 135, companies meeting specific financial thresholds must spend at least 2% of their average net profits over the past three financial years on eligible CSR activities. These activities should align with Schedule VII of the Act and be overseen by a CSR Committee. Failing to comply can lead to penalties and reputational risks. Ensuring proper planning, implementation, and documentation of CSR activities is key to staying compliantServices Included
Drafting Policy
Documents Required
Board resolution for constitution of CSR Committee
CSR policy of the company
Minutes of CSR Committee meetings
List and details of CSR projects undertaken
Agreements with implementing agencies (if any)
CSR expenditure details
Annual report of the company
Financial statements for the last three financial years
Process
10 Days Estimate
Step 1
Determine Applicability – Check if your company meets the CSR threshold:
- Net worth ≥ ₹500 crore
- Turnover ≥ ₹1,000 crore
- Net profit ≥ ₹5 crore
Step 2
Constitute CSR Committee – Form a committee with at least three directors, including one independent director.
Step 3
Formulate CSR Policy – Draft a CSR policy outlining the focus areas and implementation strategy.
Step 4
Step 5
Allocate Budget – Set aside at least 2% of the average net profits (of the last 3 years) for CSR.
Step 6
Implement Projects – Execute the projects directly or through registered implementing agencies.
Step 7
Monitor Progress – Review project implementation regularly through the CSR Committee.
Step 8
Disclose CSR Activities – Disclose details in the Board’s Report and on the company website (if applicable).
Recommended For
Companies with a net worth of ₹500 crore or more, turnover of ₹1000 crore or more, or a net profit of ₹5 crore or more in the preceding financial year.
Review
Average Rating4.8