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CSR Updates

Government circular clarifies FAQs on CSR

The Legal Side Under the Companies Act, 2013, companies which have an annual turnover of Rs.1,000 crore or more or a net worth of Rs.500 crore or more or a net profit of Rs.5 crore are required to spend minimum 2% of their three-year average annual net profit towards CSR activities. The Clarifications The recently …

CSR Updates

Form CSR-1: MCA’s first step to maintaining a check on CSR activities.

Every entity who intends to undertake any CSR activity needs to register itself with the Central Government by filing the form CSR-1 electronically with the Registrar, with effect from April 1st, 2021. The MCA has mandated the filing of  e-Form that is available on their website for the companies that are undertaking CSR activities. By …