Ensure complete CSR compliance under Section 135 of the Companies Act, 2013. Our experts help you formulate CSR policies, manage spending obligations, and maintain regulatory compliance.
Connect with our experts for comprehensive CSR compliance services
Corporate Social Responsibility (CSR) means the voluntary contributions made by companies to a better society and a cleaner environment. It is a concept whereby companies integrate social and other useful concerns in their business operations for the betterment of their stakeholders and society in general.
Section 135 of the Companies Act, 2013 provides that certain companies must mandatorily contribute a certain amount towards CSR activities as a statutory obligation.
CSR provisions apply to companies meeting any of the following criteria in the preceding financial year
Companies with net worth of more than ₹500 crore
Companies with turnover of more than ₹1000 crore
Companies with net profit of more than ₹5 crore
CSR provides numerous benefits to companies beyond regulatory compliance
CSR improves public image by publicizing efforts towards a better society
Media visibility throws a positive light on the organization
Building socially strong relationships with customers enhances brand value
Companies stand out from competition when involved in community activities
Companies can undertake activities specified in Schedule VII of the Companies Act, 2013
Comprehensive process for ensuring complete CSR compliance
Constitute CSR Committee with required directors
Formulate comprehensive CSR policy
Prepare detailed annual action plan
Execute CSR activities and maintain compliance
For failure to comply with CSR spending, transfer or utilization
For officers who default in CSR compliance
Get answers to common questions about CSR compliance
Ensure complete CSR compliance under Section 135 of the Companies Act. Connect with our experts for comprehensive CSR policy formulation, implementation, and regulatory compliance.