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    Applicability of eForm CSR-2

    Posted By : CS Shiriti / Published on : 12-Feb-2022 05:53 PM / View : 1024 / Comment : 1

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    Can anyone please clarify in which company its applicable and what will be the due date ?

    Read more on : eform applicability

    • Dear Member,

      Greetings!

      With referance to your query, the MCA vide its notification dated 11th February, 2022 has notified Companies (Accounts) Amendment Rules, 2022 which shall come into force from 11th February 2022.

      In the Companies (Accounts) Rules, 2014 (hereinafter referred to as the said rules), in rule 12, after sub-rule (1A), the following sub-rule shall be inserted, namely: -

      “(1B) Every company covered under the provisions of sub-section (1) to section 135 shall furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar for the preceding financial year (2020-2021) and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be:

      Provided that for the preceding financial year (2020-2021), Form CSR-2 shall be filed separately on or before 31st March 2022, after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.”

      Commentary: From the above Notification, it is cleared that:

      1. FORM CSR-2 shall be applicable on the Companies prescribed under section 135(1), which are as follows:

      • Every Company having Net worth of Rs. 500 crore or more, or

      • Every Company having Turnover of Rs. 1000 crore or more, or

      • Every Company having Net Profit of Rs. 5 crore or more

      during the immediately preceding financial year.

      2. Due date for filing FORM CSR-2:

      • For preceding financial year (2020-2021), it is clearly mentioned on proviso of above Notification that CSR-2 shall be filed on or before 31st March, after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.

      • For subsequest FY, As the FORM CSR-2 is to be filed as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), then the due date of the relevant Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be, shall be considered.

      Thankyou!

      29-03-2022 / 06:47:24 AM
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