Filling of ROC Form CSR – 2 on Reporting on CSR

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MCA Form CSR – 2 on reporting on Corporate Social Responsibility

MCA has issued a new FORM CSR-2 for reporting on Corporate Social Responsibility, which must be reported yearly with Form AOC-4 beginning in FY 2021. Because the modifications in AOC-4 have not been implemented for FY 20-21, it will be filed separately by 31-03-2022. The applicability, reporting requirements, and key disclosure requirements are all included in this document.

New FORM CSR-2 on on reporting on Corporate Social Responsibility

The Ministry of Corporate Affairs (MCA) has issued an amendment to the Companies (Accounts) Rules, specifically addressing the filing timeline for Form CSR-2 for the financial year 2023-24. According to the amendment, companies are required to file Form CSR-2 (Corporate Social Responsibility report) by 31st December 2024.

The filing process must be completed after the submission of:

Form AOC-4 (Annual Financial Statements), or
Form AOC-4-NBFC (Ind AS) for NBFCs, or
Form AOC-4 XBRL (for companies mandated to submit in Extensible Business Reporting Language).

This change ensures that companies have sufficient time to report their CSR activities after filing their financial statements for the year.

Tags: Corporate Social Responsibility (CSR)

5 years ago

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.