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Companies Act, 2013 · §135 · CSR Policy Rules, 2014 · Schedule VII · FAQ Circular 14/2021

CSR Lifecycle Compliance Console

The full corporate-social-responsibility exercise — from computing the spend obligation, vetting the recipient and choosing the route, through the Committee and Board, to disbursal, CFO certification and filing — so no step is missed.

Lifecycle completion 0%
Stage 0 · Foundation

Applicability & the 2% computation

Before anything is spent, two questions are settled: is the company within §135(1), and what is the rupee obligation? The obligation drives everything downstream — including whether a CSR Committee is even mandatory.

§135(1) — three triggers (any one suffices, in the immediately preceding FY)
Net worth≥ ₹500 crore
Turnover≥ ₹1,000 crore
Net profit≥ ₹5 crore (§198-adjusted PBT)
Committee mandatory?Only if obligation > ₹50 lakh [§135(9)]; also if any Unspent CSR Account is ever held [Rule 3 proviso]
Impact assessment?Only if average CSR obligation ≥ ₹10 crore over 3 preceding FYs [Rule 8(3)]
Live 2% obligation calculator
Financial year§198-adjusted net profit (₹)
Year T-1 (most recent)
Year T-2
Year T-3
Average net profit
CSR obligation @ 2%
Enter at least one year's net profit to compute the obligation. Use §198-adjusted figures (PBT excluding overseas-branch profits and dividends from §135-covered Indian companies).
Stage 1 · Pipeline

Register of candidate recipients & their activities

List every NGO, foundation, fund or nodal agency under consideration, the Schedule VII activity each would carry, and its CSR-1 number. This is the shortlist the Committee will choose from.

RecipientProposed activitySch. VII itemCSR-1 No.Eligibility

Pre-loaded with two common recipient types. Edit or delete — the eligibility column updates automatically based on whether a valid CSR-1 number is entered.

Stage 2 · The gate

Is the recipient eligible to receive CSR funds?

Eligibility turns on Rule 4(1) — read with Rule 4(2) for CSR-1 — not on §135(1). The conditions depend on how the entity was established. Switch the classifier; the checklist rewrites itself.

Recipient under review & its Rule 4(1) class
Own entity: verify CSR-1, 12A & 80G before disbursement
What good eligibility documentation looks like
CSR Registration No.Obtained on CSR-1 filing; verified by CA / CS / CMA in practice — confirm validity on MCA21
12A / §10(23C) statusCopy of CBDT order; check expiry date — re-registration under revised provisions required post-2020
80G approvalCopy of CBDT approval; confirm it has not lapsed
PAN / bank detailsVerified against the CSR-1 registration and recipient's letterhead
Stage 3 · The fork

Direct by the company, or through an own entity?

Both are lawful. The choice changes the paperwork, the registration burden and the monitoring obligations. Read both columns, then record the decision in the Committee minute.

A · Direct — "by the company itself"

  • No CSR-1 for the company. The implementing-agency registration question does not arise. FAQ 5.8
  • Destinations: a Schedule VII activity executed in India, or a contribution to a Schedule VII fund only (PMNRF, PM CARES, Swachh Bharat Kosh, Clean Ganga, NDRF, etc.). No other fund qualifies. FAQ 3.15 / 3.16
  • CFO still certifies utilisation; records and acknowledgements retained. Rule 4(5)
  • Lightest governance — fewest moving parts, but the company must itself evidence the end-use.

B · Through an own Sec 8 / trust entity

  • Entity must be registered: CSR-1 → CSR Registration Number, plus 12A and 80G. Rule 4(1)(a), 4(2)
  • No 3-year track record needed — it was established by the company, so clause (a), not clause (d). FAQ 5.2
  • Disbursal ≠ spend. The amount counts as spent only when the entity actually utilises it within the FY; build year-wise tranching + utilisation certificates. FAQ 7.4
  • No corpus grant — the transfer must be project-tied; corpus contribution is inadmissible since 22.01.2021. FAQ 3.5
  • Interested directors: Promoters / KMPs on the entity's board — disclose and record their interest when the engagement is approved. §184
  • Enables multi-year "ongoing projects" and a long-term CSR programme owned in-house.
Stage 4 · The Committee

CSR Committee — formulate & recommend

Where constituted, the Committee owns the policy and the annual action plan. At obligation ≤ ₹50 lakh a Committee is optional [§135(9)], but if any Unspent CSR Account is ever held it becomes mandatory [Rule 3 proviso].

Annual Action Plan — the five contents required by Rule 5(2)
Every AAP the Committee recommends must carry: (a) the list of CSR projects/programmes within Schedule VII; (b) the manner of execution (Rule 4(1) — self / agency / collaboration); (c) the modalities of utilisation of funds and implementation schedules; (d) the monitoring and reporting mechanism; and (e) details of need and impact assessment, if any. The Board may alter the plan mid-year on the Committee's reasoned recommendation.
Recommending resolution (CSR Committee) — standard form
"RESOLVED THAT pursuant to Section 135 of the Companies Act, 2013 read with Rule 5(2) of the Companies (CSR Policy) Rules, 2014, and in accordance with the CSR Policy of the Company, the CSR Committee hereby formulates and recommends the Annual Action Plan for CSR for the Financial Year ____, setting out the list of activities, thrust areas under Schedule VII, project-wise allocation, mode of execution, modalities of utilisation of funds, implementation schedule, and monitoring & reporting mechanism, as placed before it. RESOLVED FURTHER THAT the said Plan be placed before the Board for approval, and that the Committee members be authorised to make reasonable insertions/refinements consistent with applicable law and subject to the Board's consent."
Record voting (verbal roll-call if by VC, confirmed under SS-1), quorum, and leave of absence as early items.
Stage 5 · The Board

Board — approve, authorise, disclose

CSR is a Board-driven process. The Board approves the policy and the AAP, ensures the spend, satisfies itself on utilisation, and authorises the CFO certification. Where there is a shortfall, the Board records reasons in its report.

Approving resolution (Board) — standard form
"RESOLVED THAT pursuant to Section 135 read with Rule 5(2), the CSR Policy of the Company, and on the recommendation of the CSR Committee, the Annual Action Plan for CSR for the Financial Year ____ be and is hereby approved. RESOLVED FURTHER THAT the CSR Committee be authorised to monitor implementation and make such modifications as required, strictly per the Act and rules. RESOLVED FURTHER THAT the Chief Financial Officer be authorised to certify utilisation of CSR funds and ensure compliance with statutory and reporting requirements."
No separate ROC e-form is filed for the CSR approval resolution itself — it is recorded in the minutes and flows into the Board's report and Form CSR-2.
Stage 6 · Execution

Disburse, monitor & certify

The money moves, the activity happens, and the file is built. The pivotal rule: a transfer is not "spend" until the recipient actually utilises it within the year.

Execution file — what to retain
Payment evidenceBank transfer advice / cheque details; date of disbursal within the FY
Recipient identificationPAN, CSR-1 registration number, 12A/80G certificates, bank details on letterhead
Utilisation confirmationUtilisation certificate from recipient (with project details, amount utilised, period)
CFO certificateRule 4(5) — funds utilised for the purposes and in the manner approved by the Board
AcknowledgementReceipt from recipient / fund / nodal agency
Stage 7 · The shortfall test

Treatment of any unspent amount

If the full obligation is spent within the FY, this stage is a formality. If not, the treatment forks on whether the underspend relates to an ongoing project — and the timelines are strict, with a civil penalty for default.

Penalty exposure on default (§135(7))
CompanyTwice the unspent amount OR ₹1 crore, whichever is less — over and above the obligation
Officer in default1/10th of the unspent amount OR ₹2 lakh, whichever is less
NotePenalty is in addition to — not instead of — the transfer obligation
Stage 8 · The record

Reporting, disclosure & filings

The exercise closes on the public record: the Board's report annexure, the website, and Form CSR-2 to the Registrar. Miss none of these — disclosure is the spine of the CSR architecture.

Filings & disclosure calendar
ItemWhatTrigger / dueAuthority
Board's report — CSR annexureAnnual report on CSR in the Annexure II format (post-2021 amendment) — Committee composition, spend, projects, shortfall reasons if anyWith the Board's report for the FYRule 8(1)
Website disclosureCSR Committee composition, CSR Policy, and Board-approved projects — for public accessOn approval / ongoingRule 9
Form AOC-4Financial statements with the RegistrarWithin 30 days of the AGM§137
Form CSR-2Report on CSR — addendum to AOC-4 (revised e-form w.e.f. 14.07.2025). Confirm the operative MCA due date for each FY before filing.Verify MCA21 for current operative dateAccounts Rule 12(1B)
Impact assessment reportOnly if average CSR obligation ≥ ₹10 crore over 3 preceding FYs — if triggered, annex to Board's reportWith the Board's report (if triggered)Rule 8(3)(b)

The CSR-2 due date has shifted by notification several times; confirm the operative date on MCA21 for the relevant FY rather than relying on a remembered date.

Scope. This console covers the §135 CSR lifecycle for companies subject to the Companies Act 2013. It flags the ₹50 lakh Committee threshold and the ₹10 crore impact-assessment threshold, and adjusts checklist items accordingly. It does not opine on the income-tax treatment of CSR spend (not a deductible business expense under the Explanation to §37(1) — see also FAQ 3.10), nor on SEBI BRSR or ESG disclosure. Validate every registration number, certificate validity period, and filing due date against the primary document and MCA21 before certifying. Not a substitute for case-specific legal or secretarial advice.