All About CSR-1

MCA has launched e-form CSR-1 w.e.f. 1st April, 2021. According to Section 135 of the Companies Act, 2013 and Rule 4 (1) and (2) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 every NGO’s including society, trust, section 8 companies requires filing e-form CSR-1 to undertake CSR activities and register itself with CG. 

After filing of CSR-1, entities would get one ‘Unique CSR Registration No.’ with Format CSRXXXXXXXX where X represents system generated unique sequential number automatically via email on the registered email id. 

On and after 01^st April 2021, each entity (implementing agencies) is eligible to undertake CSR activities: After getting both the certificate (Mandatory Certificate)\

1. Letter containing CSR Registration No; and
2. 12A & 80G certificate under the income tax act, 1961. 

Time limit for filing of CSR-1:

1. CSR-1 can be filed before obtaining any CSR contribution and undertaking any activities; and

2.  CSR-1 is applicable for all the CSR projects or programmes to be approved on or after 01^st April 2021. 

Implementing agencies for CSR activities: 

The CSR activities can be undertaken by the Company itself or through the followings implementing agencies:

·        Section 8 company established under the Companies Act 2013; or

·        Section 25 company established under the Companies Act 1956; or

·        Public Trust registered under the Indian Trust Act; or

·        Society Registered under the Societies Registration Act 1860; or

·        Either singly or along with the other Company; or

·        Above entity established by the CG/ SG; or

·        Any of the above entity having a track record of at least 3 years of undertaking similar activities; or

·        Any of the above entity established under an Act of parliament or a State Legislature. 

Required Documents for filing e-form CSR-1:

1.     Self-certified copy of Registration certificate of Section 8 company/ Society

2.     Self-certified copy of Trust deed

3.     Self-certified copy of PAN of entity

4.     Copy of 12A & 80G certificate

5.     Entity email id & contact no.

6.     Digital signature of authorised signatory

7.     DIN/ Copy of PAN of the authorized signatory

8.     List of directors/ governing body/ trustees (containing name, PAN/DIN, designation & email id)

9.     Activity Report since registration or last three years (From FY 2018-19 to 2020-21)

 

After approval of the said form, an acknowledgment shall be sent to the registered email id of the entity on which OTP has received earlier. Thereafter, an approval letter with a unique registration number shall also be sent to the registered email of the entity.

Note:

Within 3 months from 01^st April 2021, existing non-profitable entities having 12A & 80G certificate requires to apply for its renewal by online filing in form 10A on the income tax portal. (for in-depth understanding about renewal kindly see our specific blog of NGO Renewal on  https://ngoexperts.com/12a80g-renewal/ )

If renewal application not filed within the timeline; leads to cancellation of existing 12A and 80G certificates.

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