Corporate Social Responsibility (CSR) is governed under section 135 of the Companies Act 2013 and rules made there under in India. Certain corporate which fall under the ambit of CSR are mandatorily required to make CSR expenditure on the CSR activities as specified in Schedule VII of the Indian Companies Act, 2013.  While CSR activities are generally viewed as an onerous task or an imposed regulation by the regulators or Government. CSR activities process may expose to the Board and company into inefficient management, poor monitoring and high risk of penalties in case of default of law related to CSR. The Indian Companies Act cast responsibility upon the Board and its CSR committee to ensure the compliances of CSR legal provisions in the company which inter-alia includes-

• Assessment of applicability of CSR Regulations
• Formation of Board level CSR Committee
• Defining of role and responsibility of CSR Committee
• Approval of CSR Policy and identification of CSR Activities within the policy.
• Computation of Annual CSR obligation.
• Identification of eligible CSR Implementation Agency registered with MCA.
• Ensure proper and timely CSR expenditure on CSR projects (On-going or other than on- going projects) and compliance of unspent amount, if any.
• Regular monitoring of the CSR projects and obtaining timely progress report.
• Approve the Annual CSR reporting, disclosures in Board’s Report and filing with MCA.
• To carry out CSR project’s impact assessment, if applicable.
• To ensure timely compliances of CSR provisions and reporting to MCA.

Our support & Advisory- Reducing Risk & improve compliances

In most of the companies CSR projects are planned, managed and implemented by the in-house management staff. Keeping in view of strict monitoring on CSR expenditure, identification of non-compliances and legal actions by the Ministry of Corporate Affairs, CSR project identification, process of implementation and legal compliances require specialized professionals to mitigate the risk of default and improvement in due CSR compliances in the Corporate.

Our specialized professional team having expertise in CSR project planning, implementation
and compliances reporting can provide end to end solution. Our CSR advisory offering includes-

• Customized and business aligned CSR Policy and Strategy including identification of CSR activities for implementation.
• Computation of CSR expenditure obligation under the law.
• Identification and screening of NGO partners for better CSR implementation.
• Development of real time Monitoring & Information Systems to ensure timely and effective implementation.
• Ensure the complete legal compliances and reporting of CSR timely.
• Measurement of Impact assessment (Social & Economic) of CSR and developmental initiatives,