CSR-01 REGISTRATION
| Basic | Advance |
|---|---|
| ✔ CSR Certificate | ✔ CSR Certificate |
| ✔ Professional Consultancy |
CSR-01 Registration in India
How to Register for CSR-01 in India
Purpose
The CSR-01 registration process is crucial for companies operating in India to meet the requirements set out in the Companies Act, 2013. This mandate ensures that eligible companies allocate a portion of their profits to Corporate Social Responsibility (CSR) activities. Registering your CSR policy with the Ministry of Corporate Affairs (MCA) through CSR-01 not only shows compliance but also promotes transparency and accountability in your company’s CSR initiatives.
Eligibility Criteria
To be eligible for CSR-01 registration, your company must meet the following criteria:
- Company Registration: Must be registered under the Companies Act, 2013.
- Financial Thresholds: Must meet the annual turnover, net worth, or net profit thresholds as prescribed by the Act.
- Global and Domestic Presence: Must meet specific criteria if your company has international operations.
- CSR Committee: Must have constituted a CSR committee responsible for formulating and monitoring the CSR policy and activities.
- Profitability Record: Must have a track record of consistent profitability for the preceding three years.
- Sector-Specific Criteria: May have additional criteria or exemptions based on government notifications relevant to your industry.
Required Documents
When preparing for CSR-01 registration, ensure you have the following documents:
- Board Resolution: Certified copy of the Board resolution approving the CSR policy.
- CSR Policy: Detailed document outlining the CSR activities to be undertaken.
- CSR Committee Report: Includes the composition of the committee, meetings held, and recommendations made.
- Global and Domestic Presence Evidence: Documents proving your company’s presence both globally and domestically, if applicable.
- Financial Statements: Financial records for the preceding three years demonstrating consistent profitability.
- Sector-Specific Documents: Any additional documents required based on the sector or industry your company operates in.
- Additional MCA Requirements: Any other documents required by the Ministry of Corporate Affairs for verification and registration.
What is CSR-01 Registration?
Corporate Social Responsibility (CSR) is a crucial aspect of modern business operations, and CSR-01 is a mandatory registration in India for companies engaging in CSR activities. This registration ensures that companies adhere to legal requirements and contribute effectively to societal welfare.
Essential Licenses and Registrations for CSR-01
To comply with CSR regulations, businesses must obtain CSR-01 registration, which includes specific licenses and certifications. These ensure that the company’s CSR activities are transparent, accountable, and aligned with the prescribed guidelines.
Advantages of CSR-01 in India
- Legal Compliance: Ensures adherence to legal mandates.
- Enhanced Reputation: Builds a positive image among stakeholders.
- Community Impact: Facilitates meaningful contributions to societal development.
- Tax Benefits: Avail tax deductions on CSR expenditures.
Disadvantages of CSR-01 in India
- Administrative Burden: Requires meticulous documentation and reporting.
- Cost Implications: Involves financial commitments for CSR activities.
- Compliance Risks: Non-compliance can lead to penalties and legal issues.
Registering a CSR-01 Online in India
With Bharat Filing Point, registering your CSR-01 is a streamlined process. Our user-friendly platform allows you to complete the registration online, ensuring a seamless and efficient experience. Here’s how you can get started:
Procedure for CSR-01 Registration in India
- Preparation:
- Gather necessary documents such as company incorporation certificate, PAN, and detailed CSR policy.
- Application Submission:
- Fill out the CSR-01 registration form through the Ministry of Corporate Affairs (MCA) portal.
- Upload required documents and pay the applicable fees.
- Verification:
- The MCA will verify the submitted documents and details.
- You may be asked for additional information or clarifications.
- Approval:
- Upon successful verification, your CSR-01 registration will be approved.
- You will receive a CSR-01 registration certificate.
Compliance and Maintenance of CSR-01
Once registered, companies must regularly update their CSR activities and expenditures. This includes:
- Submitting annual CSR reports.
- Maintaining transparent records of CSR funds.
- Ensuring that CSR activities comply with the approved plans.
Key Steps to Remember for CSR-01 Registration
- Ensure all documents are complete and accurate.
- Stay updated with the latest CSR regulations.
- Seek professional guidance if needed.
Eligibility Criteria for CSR-01 Registration
- Companies with a net worth of ₹500 crore or more.
- Companies with a turnover of ₹1,000 crore or more.
- Companies with a net profit of ₹5 crore or more during any financial year.
Importance of Registering a CSR-01 in India
Registering for CSR-01 is crucial for maintaining legal compliance and enhancing a company’s reputation. It allows businesses to contribute positively to society while also reaping benefits like tax exemptions and improved stakeholder relationships.
Get Started with Bharat Filing Point
At Bharat Filing Point, we understand the complexities of CSR-01 registration and are here to simplify the process for you. Our dedicated team of experts will guide you every step of the way, ensuring a smooth and hassle-free experience.
Do you have questions about how we can help your company? Send us an email at info@bharatfilingpoint.com, and we’ll get in touch shortly.
Visit our website at www.bharatfilingpoint.com to learn more and get started today!
Conclusion
Registering for CSR-01 is a vital step in ensuring your company adheres to the CSR mandates set forth by the Companies Act, 2013. This registration not only showcases your commitment to social responsibility but also aligns your company with legal requirements, enhancing your reputation and trustworthiness.
For any further assistance or detailed information, you can visit the Ministry of Corporate Affairs (MCA) website or consult with a legal expert specializing in corporate law.
Make sure your company is ready to make a positive impact—start your CSR-01 registration today!
Documents Required Udyam Registration vs FSSAI vs APEDA vs 80G & 12A vs IEC vs DSC
| FEATURES | Udyam Registration | FSSAI | APEDA | 80G & 12A | IEC | DSC |
|---|---|---|---|---|---|---|
| DOCUMENTS | Aadhaar Card, PAN Card, Bank Account Details, Business Address Proof, Details of Major Business Activities, GSTIN. | Form A Photo ID Proof Address Proof, Food Safety Management Plan, Declaration Form, Authority Letter, Photo identity of promoters of the food business, Form B, Blueprint/layout plan of the processing unit. | APEDA Enrollment Application Form, Bank Certificate, Import-Export Code (IEC), Company’s Bank Statements, Self-Certified Copy of Import-Export Code, Self-Attested Copy of the Firm’s Incorporation, Details of Registered Office, Head Office, and Branch Office, Duly Signed and Sealed Copy of Application Form. | NGO/Trust PAN Card, Registration Certificate, Bye-Laws/Memorandum of Association (MoA), Trust Deed (for Trusts), Audit Reports, KYC Documents, List of Welfare Activities, Details of Board Members, Donor List, Books of Accounts & Income Tax Return Documents. | Proof of Registration, Address Proof, Proof of the Firm’s Bank Account, Digital Signature Certificate (DSC), PAN Card, Identity Proof, Proof of Constitution of Business, if any - Additional Documents. | Aadhaar (eKYC Service), Telephone Bill, Electricity Bill, Water Bill, Gas connection, Bank Statements signed by the bank, Service Tax/VAT Tax/Sales Tax registration certificate, Driving License (DL)/ Registration certificate (RC). |
| Time | 2-5 working days | 15-60 working days | 4-7 working days | 12-22 working days | 10-15 working days | 3-7 working days |
Documents Required for CSR-01 Registration in India
The documents required for CSR-01 Registration in India include:
- Copy of the registration certificate
- Trust Deed in case of a registered Trust
- Memorandum in case of a registered Society
- Copy of the PAN of the NGO/Section 8 Company
- DIN/PAN of the Director, Trustee, Secretary, etc. of the organization
- Copy of the Resolution authorizing the person by the entity with Resolution number and date of the resolution
- DSC of the Authorized Signatory
These documents are essential for the CSR-01 Registration process, which is a registration form for entities intending to undertake CSR activities in India.
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CSR-01 Registration FAQ’s
What is CSR-1 registration?
What is the purpose of Form CSR-1?
What are the benefits available to an NGO after CSR-1 registration?
Who needs to file Form CSR-1?
Entities that need to file Form CSR-1 include:
- Section 8 companies
- Registered public trusts
- Registered societies
These entities must be registered under Section 12A and 80G of the Income Tax Act, 1961, and have an established track record of at least three years in undertaking similar activities.
What is the process for CSR-1 Registration?
The process for CSR-1 Registration involves the following steps:
- Filing the Form CSR-1 electronically on the MCA portal.
- The form must be digitally verified by a practicing professional such as a Chartered Accountant, Company Secretary, or Cost Accountant.
- Upon successful submission, a unique CSR Registration Number is generated automatically by the system.
What are the benefits of CSR-1 Registration?
Benefits of CSR-1 Registration include eligibility to receive CSR funds from companies, being part of a comprehensive database of registered NGOs, and gaining access to information on CSR tenders and projects.
What documents are required for CSR-1 Registration?
The required documents for CSR-1 Registration typically include:
- Registration certificate of the NGO
- PAN of the NGO
- Details of members and DSC of the director of the organization
- Resolution authorizing the person by the entity with the resolution number and date.
Is CSR-1 Registration mandatory?
Yes, CSR-1 Registration is mandatory for NGOs that want to receive CSR funding and act as implementing agencies for CSR activities. This requirement has been in effect since April 1, 2021.
What happens if an NGO does not file Form CSR-1?
If an NGO or CSR implementing agency does not file Form CSR-1, it will not be eligible to receive CSR funding.
Is there any annual compliance required after CSR-1 Registration?
As of the latest information provided, no annual compliance has been prescribed by the Ministry after obtaining CSR-1 Registration.
What is the validity period of the CSR-1 Registration?
The validity period of the CSR-1 Registration is not explicitly mentioned in the provided search results. However, entities are required to register before undertaking any new CSR projects after April 1, 2021.For any specific queries or further assistance, entities are advised to consult with a professional or refer to the official MCA portal.
