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CSR Applicability in India

CSR is mandatory under Section 135 of the Companies Act, 2013 for companies meeting any of these in the previous year:<br><br>Net worth u2265 u20b9500 crore<br>Turnover u2265 u20b91,000 crore<br>Net profit u2265 u20b95 crore<br><br>Such companies must spend 2% of average net profits (last 3 years) on CSR activities like education, health, and sustainability . They must also form a CSR Committee, create a policy, and report CSR efforts in Board Reports and MCA filings Non-compliance may attract penalties.<br><br>Top CA firms offering CSR compliance support:<br><br>Dewan P.N. Chopra & Co<br>Desai Haribhakti & Co<br>SN Dhawan & Co LLP<br>Nangia Andersen

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CSR Applicability in India

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  1. CSR Applicability in India

  2. CSR Applicability in India Under Section 135 of the Companies Act, 2013, Corporate Social Responsibility (CSR) is mandatory for companies that cross certain financial thresholds in the previous financial year 🧾. The aim is to ensure that profitable businesses contribute to sustainable social development 🌱. • 📌 CSR Applicability Criteria • CSR becomes applicable if a company meets any one of the following: • Net Worth of ₹500 crore or more 🏢 • Turnover of ₹1,000 crore or more 💼 • Net Profit of ₹5 crore or more 💰 • 🧮 CSR Spending Requirement • Companies falling under CSR must spend at least 2% of their average net profits (from the past 3 years) on CSR activities such as: • Education & skill development 🎓 • Healthcare & sanitation 🏥 • Environmental sustainability 🌍 • Rural development & hunger eradication 🌾

  3. CSR Applicability in India • 🧑‍⚖️ Compliance Requirements • Eligible companies must: • Form a CSR Committee 👥 • Draft & approve a CSR Policy 📄 • Report CSR activities in their Board Report and MCA filings 📝 • Non-compliance can lead to financial penalties and increased scrutiny by regulatory authorities 🚨. • For more information or expert assistance about CSR Applicability in India, here are list of some of the best firms in India that can guide you through the process: • Dewan P.N. Chopra & Co • Desai Hari Bhakt & Company • SN Dhawan & Company • Nangia Advisors

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