NGOs are established for good causes, and the government provides tax exemptions to assist them with raising funds. Now is the time to register your NGO under Sections 80G and 12A in order to avail of those benefits for your NGO.
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
Corporate social responsibility (CSR) has become an important aspect of business operations in today's world. It involves taking responsibility for the impact companies have on society & the environment. One way companies fulfill their CSR obligations is through CSR funding, which involves donating a portion of their profits or resources to social & environmental causes. CSR funding is not just a moral obligation, but also a way for companies to improve their public image, attract customers & investors, & retain employees.
According to a study by Cone Communications, 87% of customers will make a purchase based on a company's social or environmental values. Furthermore, CSR funding can have a significant impact on society, by promoting education, health, environmental sustainability, & community development.
Finding the right funding opportunities can be challenging for even the most experienced business professionals.So, we are here to help companies identify & secure the right funding streams, & ready to assist you in making the most of your CSR initiatives. Let us help you make a difference in the world while building a strong & sustainable brand.
Corporate Social Responsibility (CSR) is an ethical business concept that aims to ensure that companies are accountable for their impact on society & the environment. It is a voluntary initiative that is adopted by businesses to promote sustainable development & social well-being. Corporate Social Responsibility in India covers a wide range of activities such as ethical practices, community development, environmental protection, human rights, & philanthropy.
CSR funding refers to the financial resources that companies allocate to support their CSR initiatives. It can take many forms such as grants, donations, sponsorships, & partnerships with non-profit organizations.
Many companies view CSR as a key driver of business success, as it can help to build a positive brand reputation, enhance customer loyalty, & attract & retain talented employees. CSR initiatives enable companies to make a real difference in the communities in which they operate, & also generate long-term value.
The introduction of Section 135 of Companies Act 2013 has made CSR mandatory for companies with a turnover above a certain threshold. The benefits of CSR under this act are numerous:
Before you begin the registration process, it is important to ensure that all the documents are ready & available. List of some essential documents include
As a nonprofit organization or social entrepreneur, securing corporate social responsibility (CSR) funding is essential for achieving your goals. However, getting CSR funding requires a strategic approach.
Before approaching any company for funds, research potential companies that operate in your area & assess their CSR initiatives. Look for companies with alignment in the cause your project addresses. Take note of their application criteria & eligibility requirements, which can vary widely.
Ensure that you have a clear understanding of what your project entails & that all relevant documentation is in order. Have a strong project plan, with a clear timeline of activities, list of stakeholders & the expected outcomes. Also, provide financials, project evaluation & impact assessment that will help the companies to evaluate your ideas better.
While CSR funding can provide a boost to your project, it is essential to realize that it is not a primary source of financing; hence you may not secure complete funding. Therefore, set realistic expectations regarding the amount of funding you can expect & plan accordingly.
While CSR funding can provide a boost to your project, it is essential to realize that it is not a primary source of financing; hence you may not secure complete funding. Therefore, set realistic expectations regarding the amount of funding you can expect & plan accordingly.
To secure CSR funding for their projects, NGOs can conveniently seek empanelment with the esteemed "National CSR Hub" at Tata Institute of Social Sciences (TISS). By achieving empanelment, you become a part of a professional network of development sector organizations in India. However, to qualify for this esteemed partnership, your NGO must fulfill certain requirements.
These include demonstrating financial capacity, transparency & sustainability, solid governance & organizational structure, a clearly defined core activity, established strategies & methodologies, a capable staff, proper administrative policies & procedures, effective program management, & proper documentation.
As per the CSR (Corporate Social Responsibility) policy, every company must set aside 2% of their average net profits from the previous three years towards fulfilling their CSR obligations. The calculation of net profits for CSR is done in accordance with Section 198 of the Companies Act, 2013.
This section states that when computing a company's net profits, any subsidies or bounties received from a government or public authority authorized for this purpose should be taken into account as credits. Essentially, companies can reduce their net profit amount by the subsidies or bounties they receive, thereby lowering their CSR contribution. This is important information for companies seeking to accurately calculate their CSR spending requirements.
If a company doesn't spend the money they're supposed to on social & environmental causes, they will face fines. The fine will start at Rs 50,000, but could go up to Rs 25 lakh. Also, any person in charge of the company who doesn't follow the rules can face fines of at least Rs 50,000 & up to Rs 5 lakh, as well as potential imprisonment for up to three years.
Companies need to spend their CSR money responsibly & follow the rules to avoid facing these penalties. These fines exist to ensure that companies are properly contributing to social & environmental causes, & are being held accountable if they don't fulfill their obligations.NGOExperts specializes in providing end-to-end project management services for CSR funding initiatives. Our experienced team ensures timely & efficient execution of projects while maintaining complete transparency. We offer comprehensive reporting & impact assessment services to help organizations achieve their CSR goals.
We follow a simple three-step process to offer CSR funding guidance & other services for NGOs:
Choose NGOExperts for our expertise, reliability & commitment to social impact.
"Additionally, if you're a private limited company looking to fulfill your CSR obligations and need assistance with registration and compliance, our team at NGOExperts can help you navigate the process seamlessly. We provide expert guidance on private limited company registration for CSR, ensuring that you meet all legal requirements while making a positive impact on society and the environmentThese funds are essential in ensuring that a company is not just focused on profits, but also on contributing to the greater good.
We are fortunate to have a team in which a each member is passionate of his work. At HQ Tax & Financial, We are Confident.
We are fortunate to have a team in which a each member is passionate of his work. At HQ Tax & Financial, We are Confident.
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