How to file form CSR-1?

Introduction to CSR-1

The Ministry of Corporate Affairs (MCA) has made it obligatory for all entities undertaking Corporate Social Responsibility to file eForm CSR-1 for all the CSR projects. Also, Form CSR-1 shall be digitally signed and submitted electronically by the entity and also must be verified digitally by a practicing professional like CA or CS or CMA.

Corporate Social Responsibility form i.e. form CSR-1 is a form introduced by MCA to be filed by the company. However, it is a one-time exercise in order to receive funds the CSR funds from the company.

Who needs to pay CSR?

The Companies Act provides for the provision of CSR under section 135 of the companies act. Under it, companies are obligated to spend a minimum of 2% of their net profit over the preceding three years as CSR.

Applicability of CSR

As per Section 135 of the Companies Act, there is a threshold limit which is as follows:-

Where a company has

1. net worth of Rs. 500 crores or more;
2. turnover to be Rs. 1000 crores or more;
3. net profit to be Rs. 5 crore or more

then the company shall be required to apply for corporate social responsibility by filing form CSR-1. For filing form CSR-1, here are some of the documents required for filing form CSR-1.

Documents required for filing form CSR-1

Here are the documents that will be required for filing of form CSR-1. The list of documents are as follows:-

• PAN Card of the entity
• Registration Certificate of the entity
• DSC of the authorised person
• PAN Card of the authorised person
• Corporate Social Responsibility Policy
• Company CSR Report
• Details of the business entity
• 12A and 80G exemption certificate

Process of filing form CSR-1

Here comes the highlight for today “how to file form CSR-1”. So let’s begin learning about the process of filing form for corporate social responsibility.

Step 1 : Open the MCA Portal (www.mca.gov.in)

Step 2 : After you have entered the mca portal, from the MCA menu bar, select “MCA Services”.

Step 3 : MCA Services then provides a huge list of options from which you need to choose “Company Forms Download”.

Step 4 : Press the Ctrl button along with the alphabet F to search for the form CSR-1.

Step 5 : Form CSR-1 (Registration of entities for undertaking CSR Activities) will be displayed in front of you which you can download by extracting the ZIP file.

Contents given under CSR-1

• Nature of the business entity
• CIN number of the business
• Date of incorporation, address and email id of business
• PAN Card of the business
• Details of directors, chairman, board of trustees, secretary, CEO or authorised representatives of the entity.
• DIN (Director Identification Number) and DSC (Digital Signature Certificate) of the signing director.
• Certification by a practicing professional.

Step 6 : Fill the form and get it verified digitally by a Chartered Accountant (CA), Company Secretary (CS), or Cost Accountant in practice.

Step 7 : After verification of the CSR-1 form it is then required to be submitted on the MCA Portal.

Step 8 : Once the form is submitted, a unique CSR Registration Number will automatically be generated.

And that is how in eight simple steps you got your answer to “how to file form CSR-1”.

Conclusion

Get connected with EAdvisors and get every CSR Compliance done easily. Know from our experts the eligibility for your company whether to comply with CSR or not. Also, get free advices and solution to all your queries from the best of consultants.