An Overview

 

 

Every NGO or Non Profit Organization or any entity (Section 8 company/ Registered Trust/Registered Society) who are undertaking CSR activities or wants to undertake CSR activities are now required to be registered with Central Government by filing an electronic Form CSR-1.

 

The companies can now allocate their CSR funds to only those entities who are registered with MCA.

 

The Form CSR-1 needs to be certified by the Chartered Accountant in practice or a Company Secretary in practice or a Cost Accountant in practice

 

On the submission of the Form CSR-1 on the portal, a unique CSR Registration Number shall be generated by the system automatically.

 

 

Law governing the eForm CSR-1

 

 

CSR-1 forms is governed by section 135 of Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.

 

 

 

 

Who are eligible for filing Form CSR-1?

 

 

1. A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80 G of the Income Tax Act, 1961 (43 of 1961), established by the company, either singly or along with any other company, or

 

2. A company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government; or

 

3. Any entity established under an Act of Parliament or a State legislature; or

 

4. A company established under section 8 of the Act, or a registered public trust or a registered society, registered under section 12A and 80G of the Income Tax Act, 1961, and having an established track record of at least three years in undertaking similar activities.

 

 

 

What are CSR Activities and Funding?

 

CSR Activities are those activities which are defined under Companies Act, 2013 and COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014 to be undertaken by prescribed companies by itself or through any other prescribed entities by giving them CSR funds.

 

 

Documents Required for Filing the eForm CSR-1

 

 

• Registration certificate of the NGO/Entity

 

• PAN of the NGO with Form CSR-1

 

• Copy of PAN Card of the entity

 

• Mail ID of both entity and the authorized person signing the document

 

• DIN/PAN and Digital Signature of the Director, Trustee, Secretary, etc. of the organization

 

• Copy of the Resolution authorizing the person by the entity with Resolution number and date of the resolution

 

 

 

Process for Filing Form CSR-1

 

1. The applicant needs to download the form from MCA Website for which the direct link is: Ministry Of Corporate Affairs - Forms & Downloads (mca.gov.in)
2.  
3. After Downloading the Form, the details as required in the form shall be filled.
4.  
5. The Documents as required will be attached to the Form
6.  
7. The Form then needs to digitally signed by the Director or Authorized Representative of the Applicant.
8.  
9. After it is signed by the applicant, it is to be Certified by the CA/CS/CMA in practice.
10.  
11. Once the form is certified, it will then be uploaded to MCA Website
12.  
13. After successfully upload a unique CSR registration number shall be allocated to the Entity and the Entity will then be registered as an Entity for accepting CSR funding.

 

 

Conclusions

 

Hence, Form CSR-1 is a compulsory form for entities or NGO who wants to undertake CSR activities and who gets CSR funding from other companies.

 

 

 

Why UpriseLegal For CSR-1?

 

 

With our experienced and skilled personnel, We at UpriseLegal makes process of filing CSR-1 very smooth and helps you in each and every step at a very affordable prices. You don’t have to worry on CSR-1 as UpriseLegal is there to provide all the assistance that you need.We follow law to the core and uses our knowledge to avoid any hassles in your business so that you can rise and grow!  You may get in touch with our compliance manager on 9173512402 or email us at info@upriselegal.in for free consultation.