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Overview of NGO CSR-1 Filing
Form CSR-1 refers to the registration form for securing CSR funding. This Form is specified as Registration of Entities for undertaking CSR activities by the Ministry of Corporate Affairs. It is also mandatory for Non-Government Organisations (NGOs) to register to undertake CSR activities funded by Companies and Corporations. To receive CSR funding, all NGOs are mandated to register with Central Government by submitting Form CSR-1. This is required for effective monitoring of CSR spending in our Country.
The laws associated with filing Form CSR-1 is Section 135 of the Companies Act, which talks about Corporate Social Responsibility (CSR) and Companies (Corporate Social Responsibility Policy) Rules, 2014.
Benefits of CSR-1
The benefit of CSR-1 is as follows:
Eligibility Criteria for NGO for CSR-1 filing
Eligibility criteria for an NGO in order to CSR-1 Filing are as follows:
Contents of Form CSR-1
The contents to be provided in the Form CSR-1 are as follows:
Important points related to NGO CSR-1 Filing
A few important points with respect to Form CSR1 filing are as follows:
Documents required for NGO CSR-1 Filing
Documents required for filing of Form CSR-1 are as follows:
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Procedure in case of NGO CSR-1 Filing
The filing procedure of Form for CSR Funding as per Rule 4(2) of CSR Amendment Rules, 2021 is as follows.
Filing of CSR-1
The NGO files Form CSR-1 with Registrar for registering itself with Central Government.
Verification
The Form is then verified by a professional like Chartered Accountant (CA), Certified Management Accountant (CMA) or Company Secretary (CS).
Submission
Form CSR-1 is submitted by the NGO filing it to the Registrar.
Registration number generation
After submission of Form CSR-1, a unique CSR Registration Number is granted.
CorpBiz Assistance for NGO CSR-1 Filing
Frequently Asked Questions
CSR stands for Corporate Social Responsibility, as discussed under Section 135 of the Companies Act, 2013.
Form CSR-1 is a registration form for getting CSR funding by implementing agencies from any company or Corporate.
MCA terms the Form CSR-1 as a Form for Registration of Entities for undertaking CSR Activities
The two parts of Form CSR-1 are as follows
- The information about the NGO that intends to undertake CSR Activities
- Certification by practising professionals
Section 8 Companies, public charitable trusts, or societies registered under Section 12A and 80G of Income Tax Act, 1961.
The basic/common benefits of CSR-1 Filing are as follows
- Improved image in public
- Enhanced goodwill
- Hassle-free CSR activities
- Less legal hurdles in getting funds
Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 is issued to bring more monitoring and reporting aspects of the CSR Funds spent. The Amendment Policy has directed that practising Chartered Accountants or other professionals can certify Form CSR-1 as given in the Amendment Policy.
Rule 3 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 states that every company, including its holding or subsidiary and also a foreign company, has its branch office or project office in India, which fulfils the criteria specified under Section 135 of the Companies Act, shall comply with provisions of this section and the Companies (Corporate Social Responsibility Policy) Rules, 2014.
As per Rule 4 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 and its amendment made in 2021, the Board of Company shall ensure that the CSR activities/projects are undertaken by the company itself or through third parties.
