CSR Registration
The Ministry of Corporate Affairs, Government of India made the Companies Act, 2013 into law which was a major initiative in making CSR mandatory for companies by requiring them to engage in social welfare projects. This has positioned India as the sole nation to enforce and require CSR for specific types of companies governed by the Act. This CSR Initiative aims to drive the country towards attaining sustainable development goals and fostering public-private partnerships in India's transformation.
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Know About CSR Registration
CSR Registration, also known as the Corporate Social Responsibility Act, was introduced by the government to encourage private sector involvement in social initiatives. Previously optional, private companies are now required to meet specific criteria set by the government and actively participate in charitable activities as outlined in the CSR act. More detailed analysis will be provided here.
Corporate social responsibility (CSR) is a type of global corporate self-regulation that involves businesses participating in or supporting volunteering and ethically-driven practices to help achieve the goals of activism, philanthropy, or charity. Introduction of the Companies Act, 2013 by the Ministry of Corporate Affairs (MCA), Government of India, was one of the most comprehensive trials globally of mandating corporate social responsibility (CSR) by legally obligating companies to engage in welfare initiatives. CSR-1 form serves as a means for organizations to apply for CSR funding from corporate entities through implementing agencies. The form named CSR-1 is referred to as Form for Registration of Entities for undertaking CSR Activities
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CSR Registration
Documents Required
You need to have following documents for registration process in Qatar [List is not exhaustive]:
1. PAN Card
2. Certificate of Registration
3. Form CSR-1
4. Name, Designation, PAN & Email Id of all Members of Governing Body
5. Trust Deed/MOA/AOA
6. Resolution to appoint Authorised Signatory with Resolution Number
7. Digital Signature of the Authorised Person
8. Email Id
Procedure to File CSR
1. The applicant must go to the Ministry of Corporate Affairs (MCA) official website and click on the Forms & Downloads tab at the top of the page. Keep scrolling down until you find the section on 'Incorporation services'. Select the "Download CSR-1 Form for Registration of Entities for CSR Activities" to access the e-Form with or without guidelines. This will be available for download in zip file format. Unzip the file and extract the necessary pdf documents. Access the PDF document titled 'Form_CSR-1'. This document is Form CSR-1 used to register organizations engaging in CSR initiatives.
2. The candidate must visit the Ministry of Corporate Affairs' official website in order to submit Form CSR-1. Upon accessing the portal, the applicant has the ability to upload the Form CSR-1. Upon logging into the portal, input a valid 'Corporate identity number' (CIN) to cancel any unused issued shares of one class and to increase the share capital. Choose the eForm's purpose from the dropdown menu and if 'others' is selected, describe the entity in the description box.
3. If the person signing Form CSR-1 digitally is a Director, they must provide an approved DIN. If the person signing the Form CSR-1 is the Manager, include an approved DIN or a valid income-tax PAN. The membership number must be provided when the individual signing Form CSR-1 digitally is the Company Secretary.
4. The necessary document can be uploaded by clicking the attach button, and the fee can be paid by clicking the pay button. Upon successful completion and submission of Form CSR-1, the eForm will undergo processing by the Registrar of Companies' office.
5. The applicant will receive the SRN after successfully submitting Form CSR-1. This SRN will be utilized for all future communication with MCA. Upon completion of the submission process, a challan will be created showing the Ministry the fees paid by the user. This is the confirmation given to the applicant that the Form CSR-1 has been submitted.
6. Once the Form CSR-1 has been fully processed by the regulatory body, a confirmation will be sent to the company's official email address. Upon submitting Form CSR-1 on the portal, the system will automatically create a unique CSR Registration Number.
Facts About CSR
A company formed according to section 8 of the Act, or a public trust or society registered under sections 12A and 80G of the Income Tax Act, 1961 (43 of 1961), set up by the company alone or jointly with another company. A business set up according to section 8 of the Act, or a trust or society registered by either the Central Government or State Government. Any organization formed by a law passed by Parliament or a State legislative body or an entity formed according to section 8 of the Act, a certified public trust or society, registered under section 12A and 80G of the Income Tax Act, 1961, with a proven history of at least three years in carrying out comparable tasks. All entities mentioned in sub-rule (1) must register with the Central Government by submitting form CSR-1 electronically to the Registrar, starting from April 1, 2021, if they plan to engage in any CSR activities.
Signing up for CSR-1, the online platform for corporate social responsibility in India, offers numerous advantages. Above all, it offers a single location for all the necessary information and resources for NGOs to meet the CSR obligations outlined in the Companies Act. This comprises an extensive repository of accredited NGOs, along with information on upcoming CSR bids and initiatives.
Further, CSR-1 provides various additional services to its members, including training and development programs, access to exclusive research reports, and opportunities to connect with other NGOs in related sectors. Members are eligible for discounts on CSR-related products and services provided by partner organizations.
How RegisterKaro helps you in the Registration process?
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Process Alteration : For the fact that we focus on a Client-centric approach, we keep our process structurization open for the client to alter it as per their need, requirements, and vision. For us, obtaining the best results is the focus, along with the Client satisfaction.
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FAQs
What’s the Purpose of CSR-1?
As per the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, a company has the option to carry out CSR initiatives either directly or through entities specified in Rule 4 sub rule (1). These companies/entities must register with the central government by submitting the e-form CSR-1 with the Registrar in order to engage in any CSR activities.
How to apply for CSR funds in India?
In order to request CSR funding in India, NGOs must adhere to these steps. Initially, collect all necessary paperwork for CSR-1 enrollment. Next, make sure to accurately complete the CSR-1 E-form from the MCA website and remember to attach any required certificates. Get certified by a Chartered Accountant, Company Secretary, or Cost & Management Accountant. Send the form through the MCA portal online and get a receipt containing a traceable SRN. Once the ROC verifies it, the NGO will receive a special CSR Registration Number which allows them to carry out CSR projects in India.
How CSR-1 application is processed?
The STP method is used to process the CSR-1 form for NGO registration. There is no need for any human involvement throughout the entire process.
What’s the fees for CSR-1 registration?
The fee we charge is specified in the upper part of this page. Currently, there is no specified government fee for the CSR-1 Filing.
What happens once CSR registered?
Upon successful completion of processing a CSR-1 form, the user will receive an email acknowledgement at the entity's email address. Additionally, the FO User will receive a digitally signed approval letter, along with the CSR Registration number in the format CSRXXXXXXXX, where X is a unique sequential number generated by the system. This information will also be sent to the email address provided in the eform.