CSR-1

CSR-1 registration is a process that enables NGOs to receive corporate funding for their social initiatives. Eligibility criteria include legal registration, experience, and transparent financial records. Take the benefits now. .

  • Legal registration under Section 8 of the Companies Act 2013 or Section 12A & 80G of the Income Tax Act 1961.
  • Minimum of 3 years of experience in relevant fields.
  • Transparent financial records and alignment with CSR policy of the company..

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Your CSR-1 with NGOExperts

We have simplified the process for you and can be done online with NGOExperts in 3 simple steps:

First, we'll have a consultation with you to assess your NGO's needs & determine which services are necessary.

Step 1

Next, we'll guide you through the paperwork & legal requirements needed to register your organization.

Step 2

We'll work with you to ensure that your NGO is in compliance with all applicable laws & regulations, & ready to make an impact.

Step 3

Introduction

CSR-1: Corporate Social Responsibility (CSR) has become an integral part of corporate culture, as businesses worldwide recognize the need to align their operations with sustainable development goals. In India, the Ministry of Corporate Affairs (MCA) has taken a significant step towards ensuring transparency & accountability in CSR spending.

As per the Companies Act, 2013, & the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, companies or entities undertaking CSR activities must now file eForm CSR-1 for all their CSR projects. This registration process allows for effective tracking & monitoring of CSR spending & ensures that the funds reach the intended beneficiaries. The eForm CSR-1 is a crucial document that helps validate & ensure the credibility of CSR projects & their impact on society.

Benefits of CSR 1

Below are the benefits of CSR 1 that can be derived from it

  • ● Building Trust: Registered NGOs are perceived positively by the public & attract greater trust among the beneficiaries.
  • ● Legitimacy: Registration adds a layer of legitimacy to NGOs' operations, providing potential investors with the assurance that their funds will be allocated appropriately.
  • ● Simplifying the Process: The CSR 1 form registration simplifies the process of applying & securing funds, reducing red tape & time-consuming documentation.
  • ● Access to Corporate Funds: CSR-registered NGOs have access to a pool of corporate funds set aside for socio-economic development in collaboration with the government.
  • ● Fewer Legal Hurdles: By following the CSR 1 form registration process, NGOs avoid legal hurdles & can concentrate their energy & resources on their core objectives.
  • ● Compliance: It ensures that NGOs comply with the existing regulations & guidelines. Thus, they provide easy access to NGOs to funding that is not available to unregistered NGOs.

Eligibility Criteria for NGO in CSR-1 Registration

To register under CSR-1, NGOs must meet a specific set of eligibility criteria.

  • ● Registration Requirements: The NGO needs to be registered under Section 8 of the Companies Act 2013 or under Section 12A & 80G of the Income Tax Act 1961. The NGO can also be established under the Act of a State legislature or Parliament. It can be established under Section 8 of the Companies Act 2013, or registered society or registered trust, working under Central Government or State Government.
  • ● Experience: The NGO must have experience of at least 3 years in the field they are working in.
  • ● Eligibility for Application: NGOs that are registered under Section 12A & 80G of the Income Tax Act 1961 are eligible to apply.
  • ● Financial Record: The NGO should have a clear & transparent record of their financial transactions & should maintain proper accounts & audits.
  • ● Legal Record: The NGO must not have been blacklisted or involved in any illegal activities.
  • ● Alignment with CSR Policy: The CSR activities of the NGO must align with the CSR policy of the company.

Who Needs to File Form CSR-1?

Only companies that fall under the following criteria need to file Form CSR-1:

  • ● Net Worth Criteria: Companies with a net worth of Rs. 500 crore or more.
  • ● Turnover Criteria: Companies with a turnover of Rs. 1,000 crore or more.
  • ● Net Profit Criteria: Companies with a net profit of Rs. 5 crore or more.

Contents of Form CSR-1

The CSR Registration by NGOs requires the following details to register for CSR funding:

  • ● Nature of entity
  • ● Details & identification of directors, chairman, board of trustees or authorized representatives
  • ● Date of incorporation, address & email ID
  • ● Director's DIN & DSC
  • ● Certification by a practicing professional
  • ● Entity's CIN or registration number
  • ● Entity's PAN number

Procedure for Filing of Form CSR-1

In accordance with Rule 4(2) of the CSR Amendment Rules, 2021, the Form for CSR Funding needs to be filled out as follows:

● Step 1: Log in to the MCA Portal

The first step is to log in to the Ministry of Corporate Affairs(MCA) portal using the credentials of the company.

● Step 2: Go to the E-forms Section

After logging in, go to the E-forms section & select Form CSR-1 from the list of forms to download.

● Step 3: Fill in the Form

After following the above procedure to download form CSR-1, fill in all the relevant details in the Form CSR-1, including the amount spent on CSR activities, the nature of the activities conducted & the beneficiaries.

● Step 4: Attach Documents

Attach the necessary documents (discussed below), which include a copy of the Board Resolution, Annual Report, & the CSR policy of the company.

● Step 5: Verification

After the Form is completed, it must be verified by a professional such as a Certified Management Accountant (CMA), Chartered Accountant (CA), or Company Secretary (CS).

● Step 6: Submit the Form

After filling in all the details & attaching the required documents, submit the form. It is important to note that the form will not be accepted if there are any discrepancies or mistakes in the form.

● Step 7: Generation of Registration No.

Upon submission of Form CSR1 & final registration of an NGO with MCA portal for accessing CSR funds, you will receive a unique CSR Registration Number.

For CSR Registration by NGOs, the following documents are required:

  • ● Entity registration certificate copy.
  • ● PAN card copy of the entity.
  • ● 12A & 80G exemption certificate copy (if applicable).
  • ● NGO darpan ID (if applicable).
  • ● PAN of authorized signatory.
  • ● Digital signature certificate of authorized signatory.
  • ● Company CSR report.

Why NGOExperts? | Expert Guidance Every Step of the Way

At NGOExperts, we specialize in a variety of registration services for NGOs, including Form CSR-1 filing. Our team of professionals has extensive knowledge & experience in navigating the legal requirements necessary for forming & running a nonprofit. We strive to provide a hassle-free experience, allowing you to focus on your organization's mission.

What Makes Us Unique?

We don't cut corners when it comes to ensuring that your organization is legally compliant & ready to make a positive impact.

  • Our dedication to excellence
  • Our personalized approach
  • Our competitive pricing

Our Process

  • ● First, we'll have a consultation with you to assess your NGO's needs & determine which services are necessary.
  • ● Next, we'll guide you through the paperwork & legal requirements needed to register your organization.
  • ● We'll work with you to ensure that your NGO is in compliance with all applicable laws & regulations, & ready to make an impact.
  • ● Finally, we're always available to provide ongoing support & guidance as needed.

With NGOExperts, you'll have peace of mind knowing that your NGO is in good hands. Contact us today to get started on your CSR-1 registration & other legal needs.

Popular FAQ's on
CSR-1 Registration

If you're running any NGO that plans on taking part in any CSR activity, it's always wise & mandatory that you register yourself with the Central Government. The registration process starts with filing the CSR-1 form electronically with the Registrar. To verify the information provided is accurate, the form will be verified digitally by a CA, CS, or Cost Accountant in practice. It's vital to complete this step so that your NGO remains compliant with the relevant regulations.

  • ● Gather all required documentation, including the organization's registration certificate, recent audit report, and memorandum of association.
  • ● Create a login on the Ministry of Corporate Affairs (MCA) website and begin the CSR registration application process.
  • ● Fill out your organization's information, upload the necessary documents, and make the required payment.
  • ● Submit your application and wait for it to be reviewed by the MCA.
  • ● If your application is approved, you'll receive a CSR Registration Certificate.

  • ● After a company registers as a CSR-1 in India, it is legally obligated to fulfill its Corporate Social Responsibility (CSR) commitments.
  • ● The next step involves creating a CSR committee responsible for identifying CSR activities that align with the company's values, operations, and resources.
  • ● The committee must then develop a CSR policy and create a precise implementation plan, which includes a yearly budget.
  • ● The CSR activities must be undertaken in areas specified under Schedule VII of the Companies Act, 2013, such as education, healthcare, gender equality, and environmental sustainability.
  • ● Companies are also expected to report their CSR activities in their sual report, detailing the activities undertaken during the year, the areas covered, and the total amount spent.
  • ● Finally, companies must monitor and evaluate their CSR activities, ensuring that they make a lasting impact on the targeted communities.

In India, not registering for CSR-1 can have some consequences for businesses. The CSR-1 is a mandatory form that companies need to submit to report all their CSR activities. Failing to file this report may result in penalties & fines & can have a major impact on a company's finances.

Also, non-compliance with the regulation can harm the reputation of a company, as it sends the wrong message that the organization is not committed to social responsibility. Furthermore, companies may face difficulty while bidding on government contracts if they do not comply with the legal CSR regulations.

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