The Ministry of Corporate Affairs (MCA) stated that companies which fall under the provision of sub-section(1) to section 135 shall file 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.
Key points to be considered before filing of CSR 2- Form
- The form is a Web based form to be filed for the F.Y.-2020-21 and, for the upcoming years the form shall be filed as an attachment to 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
- Net worth of the company for the F.Y
- Turnover of the company for the F.Y
- Net profit of the company for the F.Y
- Whether CSR Committee has been constituted or not
- Number of directors composing CSR Committee
- Number of meetings of CSR Committee held during the year.
- Directors who attended the meeting, their DIN and number of meetings attended.
- Whether company have a website where it has disclosed the following information in accordance with Rule 9
- Whether Impact assessment of CSR projects is carried out in pursuance of Rule 8(3). If yes, whether the same has been disclosed in the Board Report. Provide web-link
- Whether any amount is available for set off in pursuance of Rule 7(3) of Companies (CSR Policy) Rules, 2014- Rules (mca.gov.in)
- Whether the company has completed the period of three financial years since its incorporation If no, then provide the number of financial years completed since incorporation.
- Average net profit of the company as per section 135(5)
- 2% of Average net profit of the company as per section 135(5) surplus arising out of the CSR projects/ programs or activities of the previous financial year, if any
- Total CSR obligation for the financial year
- Whether CSR amount for the financial year has been spent, if yes then amount spent in ongoing project, other than ongoing project or both??
- Details of CSR amount spent against ongoing projects for the financial year, number of ongoing projects, project ID, item from the list of activities in schedule VII etc.
- Amount spent in Administrative Overheads
- Amount spent on Impact Assessment, if applicable
- Total Amount Spent for the Financial Year
- Amount unspent/ (excess) spent for the Financial Year
- Amount to be transferred to Fund specified in Schedule VII for the Financial Year (if total unspent for the Financial Year is greater than unspent for Ongoing projects)
- Details of transfer of Unspent CSR amount for the financial year i.e., Amount to be transferred, amount actually transferred, Date, Deficiency etc.
- Amount eligible for transfer to Unspent CSR Account for the Financial Year as per Section 135(6) (before adjustments)
- Transfer to Fund specified in Schedule VII as per second proviso to Section 135(5) for the Financial Year.
- Specify the reason(s) if the company has failed to spend two per cent of the average net profit as per section 135(5).
- Whether any unspent amount of preceding three financial years (financial year ending after 22nd January 2021) has been spent in the financial year?
- Whether any unspent amount pertaining to FY 2014-15 to FY 2019-20 has been spent in the financial year?
- Whether any capital assets have been created or acquired through CSR spent in the financial year?
- Attachments (optional)
- Declaration by director/Authorized signatory