CSR-1 Registration
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CSR 1 Registration - An Overview
The CSR-1 registration mechanism has been introduced by the Ministry of Corporate Affairs (MCA). It helps in registering organizations for CSR activities and ensuring financial cooperation. This process ensures that organizations contribute to the development of society. The focus is on formalizing and standardizing the corporate accountability exercise in India. The CSR 1 form is very important for this process. The aim is to show how CSR funds are managed, how CSR activities are organised and the roles of different organisations within this framework.
Eligibility Criteria for CSR Registration
It is recommended to refer to the guidelines and regulations issued by the government agencies or local government bodies to obtain accurate and up-to-date information on eligibility for CSR registration in a particular area. The eligibility criteria for CSR registration are as follows:
Entity Type: Must be a Section 8 Company, Public Trust or Association registered under Section 12A and 80G of the Income Tax Act
Employment Record: Must have a proven work arrangement related to social, environmental or development for at least 3 years
Management Structure: Must have a good management structure and sound financial management
Compliance: Must comply with the rules and regulations.
Registration of an NGO with MCA Portal for Accessing CSR Funds
In India, registering an NGO on the MCA portal to receive CSR funds requires following certain steps and meeting certain criteria. The process is as follows:
Eligibility: Make sure that the NGO is eligible for CSR-1 registration. An NGO can be a company under Section 8, a public trust or a society registered under Sections 12A and 80G. Fill in the required documents (certificate, PAN card, 12A and 80G certificate, NGO darpan registration ID, order of authorized officer etc.). -1. 1 registration document on the MCA portal.
Benefits of CSR-1 Filing
Submitting CSR-1 form and getting registration certificate through MCA portal provides many benefits to NGOs in India, mainly related to accessing and utilizing responsible corporate funds. The benefit is:
Get CSR funding: Corporates can provide CSR funding to NGOs, which helps them have more resources to contribute positively to the society. Accountability: We ensure that CSR funds are used transparently. This builds trust among donors and stakeholders. With the aim of increasing the effectiveness of corporate responsibility.
CSR-1 Registration FAQs
CSR-1 is a form required for companies intending to undertake Corporate Social Responsibility (CSR) activities in India. It is used to register with the Ministry of Corporate Affairs (MCA) for CSR funding and activities.
Any company that plans to contribute to CSR activities as specified under Section 135 of the Companies Act, 2013 must file CSR-1.
Companies that meet the threshold for CSR spending (e.g., a net worth of ₹500 crore or more, or a turnover of ₹1,000 crore or more) need to file CSR-1 if they are planning to spend on CSR activities.
Key documents typically include:
- Certificate of Incorporation
- PAN of the company
- Details of the CSR policy
- Board resolution approving CSR activities
- Any specific project details, if applicable
The CSR-1 form must be filed online through the MCA portal. You’ll need to provide relevant details and documents and may need a digital signature.
No, there is no fee for filing the CSR-1 form.
CSR-1 registration is generally processed within a few working days after submission.
Non-compliance can lead to penalties for the company and may hinder its ability to engage in CSR activities officially.
CSR-1 registration is valid as long as the company continues its CSR activities and complies with the relevant laws and regulations.
Yes, if there are any changes in the details provided, you may need to file an updated CSR-1 form or make amendments as per MCA guidelines.