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CSR AND COMPUTATION OF THE CONTRIBUTION AMOUNT

The Corporate Social Responsibility (CSR) under the Companies Act, 2013 mandates eligible companies to invest at least 2% of average net profits (as per Section 198) from the past three years into approved social or environmental projects. Applicability depends on net worth, turnover, or profit thresholds. Accurate profit computation, timely spending or transfer of unspent amounts, and CSR-2 filing ensure compliance. SKMC Global guides businesses in calculating obligations, selecting impactful projects, and meeting all legal and reporting requirements.

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CSR AND COMPUTATION OF THE CONTRIBUTION AMOUNT

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  1. CSR AND COMPUTATION OF THE CONTRIBUTION AMOUNT CSR in India, mandated under Section 135 of the Companies Act, 2013, requires eligible companies to spend 2% of their average net profits on social and environmental causes, promoting responsible and sustainable business practices. BENEFITS Improved brand reputation Attracts socially conscious investors Boosts employee engagement & morale Enhances public trust and goodwill Risk mitigation through social alignment IMPORTANTANCE Legal Mandate: Enshrined in Section 135 of the Companies Act, 2013—CSR is mandatory for eligible companies. Social Accountability: Encourages companies to contribute to societal and environmental betterment, not just profits. Structured Approach: Guided by CSR Rules and Schedule VII for uniform implementation. Alignment with National Goals: Addresses issues like poverty, education, health, environment, disaster relief, etc. Shift from Philanthropy to Responsibility: It's not charity—CSR is strategic, sustainable and impact-oriented. At SKMC Global assists businesses in understanding CSR applicability and accurately computing the contribution as per Section 198 of the Companies Act. We ensure end-to-end compliance, from profit calculation to CSR-2 reporting. www.skmcglobal.com info@skmcglobal.com +91 989-125-5499

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