Corporate Social Responsibility (CSR) is a mandatory requirement under Section 135 of the Companies Act, 2013 for companies meeting specified financial thresholds. Our comprehensive CSR compliance services help organizations fulfill their statutory obligations while creating meaningful social impact. We assist with CSR policy formulation, committee constitution, project identification, implementation monitoring, and annual reporting. Whether you're establishing your CSR program or seeking to enhance existing initiatives, our expert team ensures full compliance with regulatory requirements while maximizing the positive impact of your social investments.
" True corporate social responsibility goes beyond compliance—it's about creating lasting positive change in communities while building a sustainable business legacy. "
Our CSR advisory covers the complete lifecycle of CSR compliance—from calculating CSR spending obligations and identifying Schedule VII eligible activities to partnering with implementing agencies and filing Form CSR-2 with the MCA. We help companies develop impactful CSR strategies aligned with their business values and the UN Sustainable Development Goals.
We provide end-to-end CSR compliance support that ensures regulatory adherence while helping you make a genuine difference in society. Our team connects you with credible NGOs and implementing partners to execute high-impact projects across education, healthcare, environment, and livelihood sectors.
CSR provisions under Section 135 of Companies Act, 2013 apply to companies having net worth of ₹500 crore or more, or turnover of ₹1000 crore or more, or net profit of ₹5 crore or more during the immediately preceding financial year. Such companies must spend at least 2% of their average net profits of the preceding three years on CSR activities.
Schedule VII activities include eradicating hunger and poverty, promoting education and gender equality, ensuring environmental sustainability, employment-enhancing vocational skills, protection of national heritage, rural development, slum area development, disaster relief, contribution to government relief funds, and supporting technology incubators and sports activities.
Companies meeting CSR thresholds must constitute a CSR Committee of the Board with minimum three directors, including at least one independent director. For unlisted public companies or private companies not required to have independent directors, the committee can have two or more directors. The committee formulates CSR policy, recommends expenditure, and monitors CSR activities.
If CSR funds remain unspent, the company must transfer them to a Fund specified in Schedule VII (like PM CARES Fund or PM National Relief Fund) within six months of the financial year-end. For ongoing projects, unspent amounts must be transferred to an Unspent CSR Account within 30 days and utilized within three years, failing which they must be transferred to Schedule VII funds.
Companies must file Form CSR-2 as an addendum to Form AOC-4 with the MCA annually. The Board's Report must include an annual report on CSR in the prescribed format, containing details of CSR policy, composition of CSR committee, average net profit, prescribed CSR expenditure, details of amount spent, and reasons for any unspent amounts.
