The Ministry of Corporate Affairs sees that the firms who come beneath the provision of sub-section(1) to section 135 will give a report on the Corporate Social Responsibility in Form CSR 2 under MCA to the Registrar for the former financial year (2020-2021) and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS) according to the case.
The government empowered under sub-section (1) and (3) of section 128, subsection (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 notified the Companies (Accounts) Amendment Rules, 2022 that sought for revising the Companies (Accounts) Rules, 2014.
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In the companies accounts rules 2014 in rule 12, after sub-rule (1A), the given sub-rule will be mentioned like the company that comes beneath the provisions of sub-section (1) to section 135 will file a report on the CSR in Form CSR-2 to the Registrar for the preceding financial year and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), according to the case.
It is given that the form CSR-2 will be furnished separately on or prior to the date 31st March 2025, after furnishing the Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS) for the FY 2023-24.
In the defined rules inside Annexure, after Form AOC-4 CFS, the subsequent form will be inserted, namely, Report on MCA Corporate Social Responsibility (CSR).
Major Points to Furnishing Form CSR-2 Under MCA
- The form is based on the web which is to be furnished for the FY 2020-21 for the upcoming years the form will be furnished as an attachment for AOC-4, AOC-4 (XBRL), AoC-4 (NBFC).
- SRN of form AOC-4/ AoC-4 XBRL/ AoC-4 NBFC filed by the company for its standalone financial statements.
- Company’s net worth for the Financial year.
- Compan’s turnover for the Fiscal year.
- Net profit of the company for Fiscal year.
- If the CSR committee has been included or not.
- A number of directors compose the CSR committee.
- The number of meetings of the CSR committee conducted in the year.
- Directors who attend the meeting their DIN and the number of meetings attended.
- Whether the firm includes a website in which it discloses the mentioned details as per that with Rule 9 given link.
- Composition of CSR committee
- CSR Policy
- CSR projects approved by the board
- If the impact assessment of CSR projects is carried out in pursuance of Rule 8(3). If yes then the same is to be revealed in the board report. Given that weblink
- Whether the amount is available for set-off in pursuance of rule 7(3) of Companies (CSR Policy) Rules, 2014
- If the firm has finished the duration of 3 FY since its start if no then give the number of fiscal years completed since its start
- The average net profit of the firm under section 135(5)
- 2% of the average net profit of the firm under section 135(5) surplus arising out of the CSR projects or programs or activities of the former fiscal year of any
- Total CSR obligation for the fiscal year
- On spending CSE amount towards the ongoing projects for the fiscal year, if yes then the amount is given on the ongoing project excluding the enduring project or both
- Data of CSR amount paid against ongoing projects for the FY, number of ongoing projects, project ID, items from the activities list in Schedule VII, name of the project, local area, project location, project duration, Amount spent in each project, mode of implementation (direct or not), mode of implementation through implementing agency
- Paid Amount on administrative overhead
- Spent Amount on Impact Assessment (if applicable)
- Total spending for the Financial Year
- Detail of unspent/ (excess) spent amount for the Financial Year
- The portion eligible for transfer to Unspent CSR Account for the financial year according to section 135(6) (before adjustments)
- The amount that needs to be moved to the fund specified in Schedule VII for the financial year (If the unspent fund for the financial year is more than the unspent for ongoing projects)
- Information of transfer of unspent CSR amount for the FY i.e. amount that needs to be transferred, actually transferred amount, date, shortfall, etc
- Transfer to the amount determined in Schedule VII in accordance with the second proviso to section 135(5) for the said financial year
- In the case where the company has failed to spend 2% of the average net profit as per section 135(5) then Specify the reason(s)
- Whether or not any remaining (unspent) fund of the last three financial years (F.Y. ending after 22nd January 2021) has been disbursed in the financial year?
- Is there any remaining funds that has been spent in the financial year, which was related to the financial year from 2014-15 to 2019-20?
- Is there any capital asset made or acquired via CSR spent in the financial year?
- “Attachment (Optional)”
- “Declaration of Director/Authorized Signatory.”
View and Download MCA Form CSR 2 in PDF Format
