Help & FAQs
1
Which companies qualify for CSR under the Companies Act, 2013?
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A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions specified under section 135(1) of the Companies Act, 2013 read with the Companies (CSR Policy) Rules, 2014 made thereunder:
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2
Whether a holding or subsidiary of a company fulfilling the criteria under section 135(1) has to comply with the provisions of section 135, even if the holding or subsidiary itself does not fulfil the criteria?
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No, the compliance with CSR requirements is specific to each company. A holding or subsidiary of a company is not required to comply with the CSR provisions unless the holding or subsidiary itself fulfils the eligibility criteria prescribed under section 135(1) stated above. |
3
Whether provisions of CSR are applicable to a section 8 Company?
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Yes, section 135(1) of the Act commences with the words “Every company........” and thus applies to section 8 companies as well. |
4
Whether CSR provisions apply to a company that has not completed the period of three financial years since its incorporation?
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Yes. If the company has not completed three financial years since its incorporation, but it satisfies any of the criteria mentioned in section 135(1), the CSR provisions including spending of at least two per cent of the average net profits made during immediately preceding financial year(s) are applicable. Example: Company A is incorporated during FY 2018-19, and as per eligibility criteria the company is covered under section 135(1) for FY 2020-21. The CSR spending obligation under section 135(5) for Company A would be at least two per cent of the average net profits of the company made during FY 2018-19 and FY 2019-20. |
5
What are the functions of the CSR Committee?
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The Corporate Social Responsibility Committee shall —
For companies covered under Section 135(9) of the Act and not required to have CSR Committee, these functions shall be carried out by the Board itself |
6
What are the responsibilities of the Board in relation to the CSR provisions?
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CSR is a Board-driven process. The responsibilities of the Board of a CSR-eligible company, inter-alia, include the following —
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7
What is the role of the Government in the approval and implementation of the CSR programmes/projects of a company?
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Provisions of section 135, read with Schedule VII of the Act and Companies (CSR Policy) Rules, 2014 provide the broad framework within which the eligible companies are required to formulate their CSR policies including activities to be undertaken and implementation of the same. CSR is a board-driven process, and the Board of the company is empowered to plan, approve, execute, and monitor the CSR activities of the company based on the recommendation of its CSR Committee. The Government has no direct role in the approval and implementation of the CSR programmes /projects of a company. |
8
What are the mechanisms for monitoring the CSR process?
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CSR is a Board-driven process, and the Board of the company is empowered to plan, decide, execute, and monitor the CSR activities of the company based on the recommendation of its CSR Committee. The CSR architecture is disclosure-based and CSR-mandated companies are required to file details of CSR activities annually in MCA21 registry. Companies are required to make necessary disclosures in the financial statements regarding CSR including non-compliance. The existing legal provisions such as mandatory disclosures, accountability of the CSR Committee and the Board, and provisions for audit of accounts of the company provide sufficient mechanisms for monitoring. |
9
What is the role of the Government in monitoring compliance of CSR provisions by companies?
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The Government monitors the compliance of CSR provisions through the disclosures made by the companies in the MCA 21 portal. For any violation of CSR provisions, action can be initiated by the Government against such non-compliant companies as per provisions of the Companies Act, 2013 after due examination of records, and following due process of law. Non-compliance of CSR provisions has been notified as a civil wrong w.e.f. 22nd January, 2021. |
10
How is average net profit calculated for the purpose of section 135 of the Act? Whether ‘profit before tax’ or ‘profit after tax’ is used for such computation?
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The average net profit for the purpose of determining the spending on CSR activities is to be computed in accordance with the provisions of section 198 of the Act and will also be exclusive of the items given under rule 2(1)(h) of the Companies (CSR Policy) Rules, 2014. Section 198 of the Act specifies certain additions/deletions (adjustments) to be made while calculating the net profit of a company (mainly it excludes capital payments/receipts, income tax, set-off of past losses). Profit Before Tax (PBT) is used for computation of net profit under section 135 of the Act. |
11
What is the meaning of the term ‘administrative overheads? What is the maximum permissible limit for administrative overheads?
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Administrative overheads are the expenses incurred by the company for ‘general management and administration’ of CSR functions. However, the expenses which are directly incurred for the designing, implementation, monitoring, and evaluation of a particular CSR project or programme, shall not be included in the administrative overheads. Example: Salary and training for the employees working in the CSR division of a company, stationery cost, travelling expenses, etc. may be categorised as administrative overheads. However, salary of school teachers or other staff, etc. for education-related CSR projects shall be covered under education project cost. |
12
Are administrative overheads applicable only for expenses incurred by the company, or can they be applied to expenses incurred by the implementing agency as well?
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According to rule 2(1)(b) of the Companies (CSR Policy) Rules, 2014, administrative overheads mean the expenses incurred by the company in the general management and administration of CSR functions in the company. Therefore, expenses incurred by implementing agencies on the management of CSR activities shall not amount to administrative overheads and cannot be claimed by the company. |
13
What is the meaning of
surplus arising from CSR
activities? How can this
surplus be utilised?
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Surplus refers to income generated from the spend on CSR activities, e.g., interest income earned by the implementing agency on funds provided under CSR, revenue received from the CSR projects, disposal/sale of materials used in CSR projects, and other similar income sources. The surplus arising out of CSR activities shall be utilised only for CSR purposes. |
14
Whether contribution to the
corpus of an entity is an
admissible CSR expenditure?
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No, the provision relating to contribution to corpus as admissible CSR expenditure has been amended and the contribution to corpus of any entity is not an admissible CSR expenditure w.e.f. 22nd January, 2021. |
15
Whether expenses related
to transfer of capital asset
as provided under rule 7(4)
of Companies (CSR Policy)
Rules, 2014, will qualify as
admissible CSR expenditure?
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Yes, the expenses relating to transfer of capital asset such as stamp duty and registration fees, will qualify as admissible CSR expenditure in the year of such transfer. |
16
If a company spends more
than the requirement
provided under section
135, can that excess
amount be set off against
the mandatory 2% CSR
expenditure in succeeding
financial years?
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Yes, the excess amount can be set off against the required 2% CSR expenditure up to the immediately succeeding three financial years subject to compliance with the conditions stipulated under rule 7(3) of the Companies (CSR Policy) Rules, 2014. This position is applicable from 22nd January, 2021 and has a prospective effect. Thus, no carry forward shall be allowed for the excess amount spent, if any, in financial years prior to FY 2020-21. |
17
If a company cannot take
the benefit of set off of
excess amount spent in the
previous financial year
because of non applicability of CSR
provisions, will the excess
amount lapse
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Yes, the law states that the excess CSR amount spent can be carried forward up to immediately succeeding three financial years; thus, in case any excess amount is left for set off, it will lapse at the end of the said period Example: In FY 2020-21 a company had spent Rs. 2 crores in excess. In FY 2021-22, it sets-off Rs. 50 lakhs from such excess. However, from FY 2022-23, the company is no longer subject to CSR provisions under section 135(1). In such case, the company may continue to retain the remaining excess CSR of Rs. 1.50 crores up to FY 2023-24, and thereafter the same shall lapse. |
18
Whether it is mandatory for
companies to carry out CSR
in their local areas?
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The first proviso to section 135(5) of the Act provides that the company shall give preference to local areas and the areas around where it operates. Some activities in Schedule VII such as welfare activities for war widows, art and culture, and other similar activities, transcend geographical boundaries and are applicable across the country. With the advent of Information & Communication Technology (ICT) and emergence of new age businesses like e-commerce companies, process-outsourcing companies, and aggregator companies, it is becoming increasingly difficult to determine the local area of various activities. The spirit of the Act is to ensure that CSR initiatives are aligned with the national priorities and enhance engagement of the corporate sector towards achieving Sustainable Development Goals (SDGs). Thus, the preference to local area in the Act is only directory and not mandatory in nature and companies need to balance local area preference with national priorities. |
19
Whether CSR expenditure of
a company can be claimed
as a business expenditure?
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No, the amount spent by a company towards CSR cannot be claimed as business expenditure. Explanation 2 to section 37(1) of the Income Tax Act, 1961 which was inserted through the Finance Act, 2014 provides that any expenditure incurred by an assessee on the activities relating to CSR referred to in section 135 of the Companies Act, 2013 shall not be deemed to be an expenditure incurred by the assessee for the purposes of the business or profession |
20
What tax benefits can be
availed under CSR?
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No specific tax exemptions have been extended to CSR expenditure. The Finance Act, 2014 also clarifies that expenditure on CSR does not form part of business expenditure. |
21
Whether contribution in
kind can be monetized to
be shown as CSR
expenditure?
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The requirement comes from section 135(5) that states that “The Board of every company shall ensure that it spends…” Therefore, CSR contribution cannot be in kind and monetized. |
22
Can CSR expenditure be
incurred on activities
beyond Schedule VII?
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No, CSR expenditure cannot be incurred on activities beyond Schedule VII of the Act. The activities undertaken in pursuance of the CSR policy must be relatable to Schedule VII of the Companies Act, 2013. The items enlisted in Schedule VII of the Act are broad-based and are intended to cover a wide range of activities. The entries in the said Schedule VII must be interpreted liberally to capture the essence of the subjects enumerated in the said Schedule. |
23
What are the different
modes of incurring CSR
expenditure?
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CSR expenditure can be incurred in multiple modes:
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24
Which are the funds
specified in Schedule VII of
the Act for the purpose of
CSR contribution?
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Contributions to the following funds shall be admissible as CSR expenditure:
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25
Will contribution to any
other fund set up for
carrying out the activities
mentioned in Schedule VII
of the Act, be an admissible
CSR expenditure
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No, the Act does not recognise any contribution to any other fund, which is not specifically mentioned in Schedule VII, as an admissible CSR expenditure. |
26
Can CSR funds be utilised
to fund Government
schemes?
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The objective of CSR provisions is to involve the corporates as partners in the social development process. Use of corporate innovations and management skills in the delivery of ‘public goods’ is at the core of CSR implementation by the companies. Therefore, CSR should not be interpreted as a source of financing the resource gaps in Government Schemes. However, the Board of the eligible company may undertake similar activities independently subject to fulfilment of Companies (CSR Policy) Rules, 2014. |
27
Whether involvement of
employees of a company in
their CSR projects can be
monetized and accounted
for under the head of ’CSR
expenditure’?
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No, involvement of employees in CSR projects of a company cannot be monetized. Contribution and involvement of employees in CSR activities of the company will no doubt generate interest/pride in CSR work and promote transformation from Corporate Social Responsibility (CSR) as an obligation to Socially Responsible Corporate (SRC) in all aspects of their functioning. Companies, therefore, should be encouraged to involve their employees in CSR activities. |
28
Which activities do not
qualify as eligible CSR
activity?
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Rule 2(1)(d) of the Companies (CSR Policy) Rules, 2014 defines CSR and the following activities are specifically excluded from being considered as eligible CSR activity
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29
Whether the companies can
undertake any CSR activity
mentioned under Schedule
VII of the Act for the
exclusive benefit of their
employees, workers and
their family members?
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Rule 2(1)(d)(iv) of the Companies (CSR Policy) Rules, 2014 states that any activity benefitting employees of the company shall not be considered as eligible CSR activity. As per the rule, any activity designed exclusively for the benefit of employees shall be considered as an “activity benefitting employees” and will not qualify as permissible CSR expenditure. The spirit behind any CSR activity is to benefit the public at large and the activity should be nondiscriminatory to any class of beneficiaries. However, any activity which is not designed to benefit employees solely, but the public at large, and if the employees and their family members are incidental beneficiaries, then, such activity would not be considered as “activity benefitting employees” and will qualify as eligible CSR activity. |
30
What is the meaning of
sponsorship activities
deriving marketing benefits
for company’s products or
services?
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Sponsorship activities of an event are done with an aim of deriving marketing benefits for a company’s product or services. The intent of CSR is to encourage companies to undertake the activities in a project or programme mode rather than as a one-off event. Companies shall not use CSR purely as a marketing or brand building tool for their business, but brand building as a collateral benefit does not vitiate the spirit of CSR |
31
Are activities undertaken by
companies outside India
for the benefit of resident
Indians, permitted as
eligible CSR activity?
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Rule 2(1)(d)(ii) of the Companies (CSR Policy) Rules, 2014 clearly states that any activity undertaken by the company outside India shall not be an eligible CSR activity. The only exception is training of Indian sports personnel representing any State or Union Territory at national or international level |
32
How can companies with
small CSR funds take up
CSR activities in a project
mode?
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A well-designed CSR project can be managed with small CSR funds as well. Further, there is a provision in the Companies (CSR Policy) Rules, 2014 that enables such companies to collaborate with other companies for undertaking CSR activities by way of pooling their CSR resources. (Refer rule 4(4) in Companies (CSR Policy) Rules, 2014) |
33
What are the different
modes of implementation
of CSR activities?
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Pursuant to rule 4 of the Companies (CSR Policy) Rules, 2014 a company may undertake CSR activities through following three modes of implementation:
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34
Which entities are eligible to
act as an implementing
agency for undertaking CSR
activities?
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Rule 4(1) of the Companies (CSR Policy) Rules, 2014 provides the eligible entities which can act as an implementing agency for undertaking CSR activities. These are:
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35
Whether all three types of
entities – a company
established under section 8
of the Act, or a registered
public trust, or a registered
society, are required to
have income-tax
registration u/s 12A as well
as 80G of the Income Tax
Act, 1961?
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Yes, as per rule 4(1) all three types of entities – a company established under section 8 of the Act, or a registered public trust, or a registered society are required to have income-tax registration u/s 12A as well as 80G of the Income Tax Act, 1961 to act as implementing agency, except for any entities established by Central or State Government. |
36
What is meant by
’registered public trusts’ in
such states where
registration is not
mandatory?
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The identification of suitable implementing agencies is a major concern for companies. Registration of implementing agencies on MCA21 portal is aimed at creating a database of such agencies for companies who may want to engage them. Further, this will bring accountability and transparency in the implementation of CSR activities and thereby strengthen the CSR eco-system |
37
What is the purpose of
registration of the
implementing agency on
MCA21 portal?
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Yes, every implementing agency mentioned in rule 4(1) of the Companies (CSR Policy) Rules, 2014 shall mandatorily register itself in the MCA21 portal w.e.f. 01st April 2021 in order to enable it to undertake CSR activities on behalf of the company. |
38
Is it mandatory for every
implementing agency to
register on the MCA21
portal?
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Yes, every implementing agency mentioned in rule 4(1) of the Companies (CSR Policy) Rules, 2014 shall mandatorily register itself in the MCA21 portal w.e.f. 01st April 2021 in order to enable it to undertake CSR activities on behalf of the company. |
39
Whether an ongoing
project approved prior to
April 01, 2021, may be
implemented by an
implementing agency not
registered on MCA21
portal?
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Since the requirement of registration has commenced from 01st April, 2021, any ongoing project which has been approved between 22nd January, 2021 and 31st March, 2021, may be carried out by an implementing agency which is not registered in MCA21 portal However, the unregistered implementing agency is required to register in MCA21 portal before undertaking any new project after 01st April, 2021. |
40
Whether registration of
implementing agency by
filing e-form CSR-1 is
mandatory in case the
company carries out CSR
activities directly?
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No. The question of filing e-form CSR-1 does not arise in case the company carries out CSR activities directly. |
41
Can international
organisations act as an
implementing agency?
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No, an international organisation cannot act as an implementing agency. |
42
What is the role of
international organisations
in the context of CSR?
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Pursuant to rule 4(3) of the Companies (CSR Policy) Rules, 2014, a company can engage international organisations for the limited purposes of designing, monitoring, and evaluation of the CSR projects or programmes, or for capacity building of personnel of the company involved in CSR activities. |
43
What is the meaning of
‘ongoing project’? Which
projects can be considered
as ongoing?
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Ongoing project has been defined under rule 2(1)(i) of the Companies (CSR Policy) Rules, 2014 as:
The project should have commenced within the financial year to be termed as ‘ongoing’. The intent is to include a project which has an identifiable commencement and completion dates. After the completion of any ongoing project, the Board of the company is free to design any other project related to operation and maintenance of such completed projects in a manner as may be deemed fit on a case-to-case basis. Note: The term ‘year’ refers to financial year as defined in section 2(41) of the Act. |
44
When will an ongoing
project be regarded as
‘commenced’?
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An ongoing project will have ‘commenced’ when the company has either issued the work order pertaining to the project or awarded the contract for execution of the project. |
45
What is the maximum
permissible time period for
any ongoing project? Can
the time period of an
ongoing project be
extended beyond the
permissible period?
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As per the definition of an ongoing project, the maximum permissible time period shall be three financial years excluding the financial year in which it is commenced i.e., (1+3) financial years. Under no circumstances shall the time period of an ongoing project be extended beyond its permissible limit. |
46
What are the
responsibilities of the
Board in case ongoing
projects are undertaken by
the company?
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In case of ongoing projects, the major responsibilities of the Board, inter-alia, include:
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47
Does the Board have the
power to abandon or
modify an ongoing project
within the permissible
period of three years?
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As per provisions of the CSR Rules, the Board may abandon or modify an ongoing project, partially or wholly, under exceptional circumstances, during the prescribed project period as per the recommendation of its CSR Committee, and by providing reasonable justification to that effect. It is important to keep in mind that the maximum permissible period for an ongoing project is three years excluding the year of its commencement. |
48
Can funds earmarked for
one project be used for
another project?
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Yes, the budget outlay dedicated for one project can be used against another project. In such a case, the Board and CSR Committee should appropriately record the alteration in the target spending and modify the same in accordance with the actuals. |
49
Where the company was
unable to meet its CSR
obligation, but transferred
the said unspent amount to
any fund included in
Schedule VII of the Act, will
the same be considered as
compliance under section
135?
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The compliance of CSR is fulfilled when the company spends the prescribed amount as per its obligation. However, in case the company fails to spend the requisite amount within the financial year, it shall fulfil its obligation by transferring the unspent amount to any fund included in Schedule VII of the Act. The same will be considered as compliance with section 135(5) of the Act. Further, the Board of the company is required to give the requisite disclosure in the Board report and annual report on CSR. |
50
A company has been given
six months’ time to transfer
the unspent CSR amount,
other than the amount
pertaining to ongoing
projects, to any fund
included in Schedule VII of
the Act. Can the company
spend this amount in the
said period of six months
on any CSR activity?
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No, companies are not permitted to spend the unspent CSR amount, other than the amount pertaining to ongoing projects, on any CSR activity during the intervening period of six months after the end of the financial year. Such unspent CSR amount is required to be transferred to any fund included in Schedule VII of the Act. |
51
Whether disbursal of funds
by a company to the
implementing agency for
the implementation of
projects will be considered
as spend under section
135(5) and rules made there
under?
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Section 135(5) of the Act prescribes minimum spending obligation for the company. The company may fulfil its CSR spending obligation directly by itself or though engaging an implementing agency. The implementing agency acts on behalf of the company and mere disbursal of funds for implementation of a project does not amount to spending unless the implementing agency utilises the whole amount. In the annual action plan, the CSR Committee of the company is required to provide for modalities of utilisation of funds. The CSR Committee shall recommend to the Board on budget allocation for any CSR project including modalities of utilisation of funds in every project. Further, as per rule 4(5) of the Companies (CSR Policy) Rules, 2014, the Board of a company shall satisfy itself that the funds so disbursed have been utilised for the purposes and in the manner as approved by it and the Chief Financial Officer or the person responsible for financial management shall certify to the effect. Page 17 of 21 |
52
Should a company open a
separate ’Unspent CSR
Account’ for each ongoing
project?
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No, a company can open a single special account, called ‘Unspent Corporate Social Responsibility Account’, for a financial year in any scheduled bank, to transfer the unspent amount w.r.t ongoing project(s) of that financial year. A company needs to open a separate ’Unspent CSR Account’ for each financial year but not for each ongoing project. |
53
Can the amount transferred
to ‘Unspent CSR Account’
of the company be utilised
for regular business of the
company?
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No, the provisioning of a separate special account, namely the ‘Unspent CSR Account’, in any scheduled bank is to ensure that the unspent amount, if any, is transferred to this designated account and used only for meeting the expenses of ongoing projects, and not for other general purposes of the company. The special account cannot be used by the company as collaterals or creating a charge or any other business activity. |
54
Can an ongoing project
initiated by a company in
any previous financial year
(for instance in FY 2019-20)
be classified as an ongoing
project under section
135(6) of the Act. Is the
unspent amount of
previous financial years
also required to be
transferred to the Unspent
CSR Account?
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No, the provisions related to ongoing projects have come into effect from 22nd January 2021, i.e., from FY 2020-21 onwards. The said provisions are prospective in effect and not applicable to projects of previous financial years. Further, the Board of the company is free to decide the treatment of the unspent CSR amount of previous financial years prior to FY 2020-21. The Board can either transfer the amount to ‘Unspent CSR Account’ or continue as per the previous accounting practices adopted by the company. |
55
Will the penal proceedings
apply even after the
unspent amount has been
transferred to the Unspent
CSR Account or to the
funds mentioned in
Schedule VII of the Act?
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The penalty does not relieve the company from the obligations under the law, and the penalty is over and above the obligated amount required to be transferred under section 135(5) or 135(6). The penalty is the consequence of not abiding by the law, and not an alternative for the same. |
56
Is the penal provision in
section 135(7) specific to
non-transference of the
unspent CSR amount?
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Yes, section 135(7) clearly states the penalty for default in complying with the provisions of sub-section (5) or subsection (6) only |
57
What are the penal
provisions relating to non compliance with provisions
other than section 135(5)
and 135(6) of the Act?
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In case of non-compliance with any other provisions of the section or rules, the provisions of section 134(8) or general penalty under section 450 of the Act will be applicable. Further, in case of non-payment of penalty within the stipulated period, the provisions of section 454(8) will be applicable |
58
What is the objective of
providing impact
assessment of CSR
activities?
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The purpose of impact assessment is to assess the social impact of a particular CSR project. The intent is to encourage companies to take considered decisions before deploying CSR amounts and assess the impact of their CSR spending. This not only serves as feedback for companies to plan and allocate resources better but shall also deepen the impact of CSR. |
59
Which companies are
required to undertake
impact assessment?
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Rule 8(3) of the Companies (CSR Policy) Rules, 2014 mandates following class of companies to conduct impact assessment:
Impact assessment shall be carried out project-wise only in cases where both the above conditions are fulfilled. In other cases, it can be taken up by the company on a voluntary basis |
60
Whether companies are
required to undertake
impact assessment for FY
2020-21?
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The provisions for impact assessment have come into effect from 22nd January, 2021. Accordingly, the company is required to undertake impact assessment of the CSR projects completed on or after January 22, 2021. However, as a good practice the Board may undertake impact assessment of completed projects of previous financial years |
61
Who can conduct impact
assessment?
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Rule 8(3) of the Companies (CSR Policy) Rules, 2014 requires that the impact assessment be conducted by an independent agency. The Board has the prerogative to decide on the eligibility criteria for selection of the independent agency for impact assessment. |
62
Is expenditure on impact
assessment over and above
the administrative
overheads of 5%, or
included in the same?
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Yes, the expenditure incurred on impact assessment is over and above the specified administrative overheads of 5%. Expenditure up to a maximum of 5% of the total CSR expenditure for that financial year or 50 lakh rupees (whichever is lower) can be incurred separately for impact assessment. |
63
Whether impact
assessment reports of all
the CSR projects shall be
annexed to the annual
report on CSR?
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Rule 8(3)(b) of the Companies (CSR Policy) Rules, 2014 provides that impact assessment reports shall be placed before the Board and shall be annexed to the report on CSR. It is clarified that web-link to access the complete impact assessment reports and providing executive summary of the impact assessment reports in the annual report on CSR, shall be considered as sufficient compliance of the said rule. |
64
When two or more
companies collaborate for
implementation of a CSR
project, should the impact
assessment carried out by
one company be shared
with other companies?
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Yes, in case two or more companies choose to collaborate for the implementation of a CSR project, then the impact assessment carried out by one company for the common project may be shared with the other companies for the purpose of disclosure to the Board and in the annual report on CSR. The sharing of the cost of impact assessment may be decided by the collaborating companies subject to the limit as prescribed in rule 8(3)(c) of the Companies (CSR Policy) Rules, 2014 for each company. |
65
Whether reporting of CSR
is mandatory in Board’s
Report?
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Yes, as per rule 8(1) of the Companies (CSR Policy) Rules, 2014, the Board’s Report pertaining to any financial year, for a CSR-eligible company, shall include an annual report on CSR containing particulars specified in Annexure I or Annexure II of the said rules, as applicable. |
66
Is it mandatory for foreign
companies to give reports
on CSR activities?
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Yes, as per rule 8(2) of the Companies (CSR Policy) Rules, 2014, in case of a CSR-eligible foreign company, the balance sheet filed under clause (b) of sub-section (1) of section 381 of the Act, shall include an annual report on CSR containing particulars specified in Annexure I or Annexure II of the said rules, as applicable |
67
What are the disclosure
requirements on the
website of the company?
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As per rule 9, the Board of Directors of the company shall mandatorily disclose the following on their website, if any, for public access:
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68
Whether every CSR project
irrespective of outlay and
percentage to the total CSR
expenditure of the
company needs to be
disclosed on the website of
the respective company in
terms of rule 9 of the
Companies (CSR Policy)
Rules, 2014?
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Yes, as per rule 9 of the Companies (CSR Policy) Rules, 2014, all CSR projects approved by the Board are required to be disclosed on the website of the company, if any, for public access. |
Disclaimer : Data has been technically cleaned by removing error to the extent feasible w.r.t development sector,states etc. The data has been taken from the disclosures made by companies in Segment III of e-form AOC-4 (XBRL and Non-XBRL).Data available in the Board Report may be taken as final disclosure. MCA makes no representation regarding the completeness, accuracy of any information and data contained on this portal or that such information and data will be error-free. In the event that the information on Director's Report of Company differs from the information contained on this portal, the information in such report shall take precedence. || NEC / Not Mentioned - 'Companies which have not disclosed the details of the projects as per Section 135 read with Schedule VII of the Companies Act, 2013 and Companies(Corporate Social Responsibility Policy) Rules, 2014 ' || PAN India- 'Companies who have mentioned either Prime Minister's National Relief Fund or Swacch Bharat Kosh or Clean Ganga Fund or Any Other Fund or Companies who have mentioned more than one state for a particular CSR activity/project.'