CSR

Everything You Need to Know About CSR-2 Filing (FY 2024-25) Introduction Corporate Social Responsibility (CSR) is how companies actively contribute to the well-being of society. To make sure businesses stay transparent and accountable in their CSR efforts, the Ministry of Corporate Affairs (MCA) introduced Form CSR-2. If your company falls under the CSR rules, you need to file this form every year. It asks you to share details like how much you spent, what kind of projects you supported, and whether you followed all CSR rules under Section 135 of the Companies Act, 2013. For FY 2024–25, filing CSR-2 on time helps you stay compliant and avoid any legal issues. Summary Companies have to file Form CSR-2 every year to report their CSR activities and spending clearly. If your company meets certain financial limits under Section 135, you must file CSR-2 by June 30, 2025, for the financial year 2024–25. Before filing CSR-2, make sure you have submitted your financial statements using the correct AOC-4 form so the information matches. You will need to upload important CSR documents like reports from committee meetings, updates on projects, and proof of how money was spent. Filing on time and signing the form with a Digital Signature Certificate will help you avoid fines and follow the CSR rules properly. What Is Form CSR-2? Form CSR-2 is a form that companies use to report their Corporate Social Responsibility (CSR) work clearly. The Ministry of Corporate Affairs (MCA) introduced this form so businesses share details about their CSR spending, projects, and how they follow the law under Section 135 of the Companies Act, 2013. Who Needs to File CSR-2? Your company must file Form CSR-2 if, during a financial year, it: Has a net worth of ₹500 crore or more Has a turnover of ₹1,000 crore or more Makes a net profit of ₹5 crore or more (as per Section 198 of the Companies Act) If your company meets any of these, you must file CSR-2 to stay compliant with the rules. Filing Deadline for FY 2024–25 The Ministry of Corporate Affairs has extended the deadline to file Form CSR-2 for the financial year 2023–24 to June 30, 2025. This gives companies extra time to gather accurate data and submit complete, error-free reports about their CSR activities. Make sure to file it on time to avoid any compliance issues. Filing Sequence for CSR-2 (FY 2024–25) Before you file Form CSR-2, make sure you've already submitted your company’s financial statements using the appropriate AOC-4 form. This step is important because CSR-2 pulls key financial data from these filings. Here's how the process works: File Form AOC-4 – If you're a regular company, start by submitting your financial statements through Form AOC-4. File AOC-4-NBFC (Ind AS) – If your company is a Non-Banking Financial Company (NBFC) that follows Indian Accounting Standards (Ind AS), file your statements through this version. File AOC-4 XBRL – If your company is required to report in XBRL format (typically large or listed companies), use this format for your filings. Once you've completed the right AOC-4 filing, you can go ahead and file Form CSR-2. Following this order helps keep your financials and CSR disclosures aligned, which is key for staying compliant and avoiding mistakes. Documents You Need to Prepare Financial statements showing your CSR spending Minutes from your CSR committee meetings Detailed reports on your CSR projects, both ongoing and completed Proof of CSR expenses, like receipts, invoices, or bank statements Impact assessment reports, if you have any A copy of your company’s CSR policy A declaration about any unspent CSR funds, if applicable Any other documents required by the MCA Make sure all your documents are clear, signed where necessary, and ready to upload. We also offer PVT LTD Annual Filing and LLP Annual return filing services, ensuring timely compliance and reducing the risk of penalties. Step-by-Step Filing Process Gather all the documents you need, such as financial statements, project reports, committee meeting minutes, and proofs of expenses. Double-check everything to make sure your documents are complete, accurate, and up to date. Scan your documents and save them as clear, easy-to-read files (like PDFs or whatever format is required). Log in to the MCA V2 portal with your username and password. Fill out Form CSR-2 by entering all the details about your CSR activities and spending. Upload the scanned documents in the right sections of the form. Review the entire form and attachments carefully to make sure nothing is missing or wrong. Sign the form electronically using the Digital Signature Certificate (DSC) of the authorized partner or director. Submit the signed form on the MCA portal. Download and save the acknowledgment receipt for your records and future use. Filing Platform for Form CSR-2 To file Form CSR-2, you'll need to use the MCA V2 Portal. This is the official platform for submitting CSR disclosures. Steps to File Form CSR-2: Log In:Access the MCA V2 Portal using your company’s credentials. Navigate to CSR-2:Go to MCA Services > Company Services > CSR-2. Fill Out the Form:Complete the form with accurate CSR details for the financial year. Attach DSC:Ensure that the Digital Signature Certificate (DSC) is attached before uploading the form, as per MCA directives. Submit:After reviewing, submit the form electronically. Key Information You Need to Provide CSR Committee Details: Tell who’s on your CSR committee and how often they meet. CSR Policy: Share a clear summary of your CSR goals and the policy that guides your work. CSR Projects: Describe the projects you’re working on now and the ones you’ve finished. Financial Data: Report your company’s net profit, how much you spent on CSR, and if you have any unspent funds. Impact Assessment: If it applies to you, include information about the impact of your CSR activities, like any assets created. Providing these details shows that your company is responsible and transparent with the authorities. What Happens If You Don’t File on Time? If you don’t file Form CSR-2, the law says you could face: A fine of ₹10,000 right away. An extra ₹1,000 fine every day you delay. A total fine for the company that can go up to ₹2 lakh. Officers in charge could be fined up to ₹50,000. Tips to Make Filing Easy Get Ready Early: Collect all your documents and info before you start filing. Check Financial Statements: Make sure you’ve filed Form AOC-4 properly and your financial info is correct. Attach Your DSC: Don’t forget to sign the form digitally with your Digital Signature Certificate before submitting. Stay Updated: Keep checking the MCA portal regularly in case there are any new updates or changes. Conclusion Filing Form CSR-2 correctly helps your company stay open and transparent about its CSR activities while following all the rules. By gathering your documents early and following the right steps, you can avoid delays or penalties. Signing the form with your Digital Signature Certificate makes the process secure and complete. Staying organized and up to date makes CSR reporting easier and less stressful. This way, your company builds trust and stays fully compliant with the law. Suggested Read : What is Form MGT 7? What is Form AOC 4? Taxation for Pvt Ltd Company Compliance Calendar for Pvt Ltd company 2025-26 Enterprises vs Pvt Ltd Companies FAQs Form CSR-2 is a yearly mandatory form where companies report their CSR activities as required by law.Companies that meet certain financial criteria under Section 135 must file this form.You need to file it by June 30, 2025, according to the latest MCA guidelines.You can file Form CSR-2 online through the MCA V2 portal.You’ll need to upload financial statements, CSR activity reports, minutes of CSR committee meetings, and proof of your CSR spending.No, you must sign the form digitally using a DSC before submitting it.If you miss the deadline, you may face fines and additional daily penalties.Yes, eligible companies must file this form every year.Yes, you need to provide detailed information about your CSR expenses.No, you should file CSR-2 only after submitting Form AOC-4 or its variants.

CSR

All About CSR-2 Filing (FY 2024-25)

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