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About CSR
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size=”16″ text_letter_spacing=”1px”]Corporate Social Responsibility (CSR Registration) is under Section 135 of Companies Act 2013.The term “Corporate Social Responsibility” (CSR) refers to a concept under which businesses voluntarily incorporate social and other useful concerns into their business operations for the benefit of their stakeholders and society as a whole.
The Corporate Social Responsibility (CSR) provisions and related regulations will apply to spend 2% of their average net profit of previous three financial years to the business if any of their financial criteria’s are met. Businesses can formal register there commitment to CSR activities to the CSR Registration procedure, which also ensures compliance with all applicable regulations.
[/et_pb_text]CSR Applicability
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Importance of CSR
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size=”16″ text_letter_spacing=”1px”]Organizations which works upon social activities and are interested to take CSR funds either from governments, organizations etc, they have to take CSR Registration from Ministry of Corporate Affairs to qualify to take CSR contributions from different organizations. It benefits the organizations in many forms like
- Impact on society: CSR initiatives help companies to contribute to the overall well-being of society. By engaging in activities such as community development, environmental protection, and charitable giving, companies can make a positive impact on the world around them.
- Enhanced Brand value: CSR can help companies build a positive image and reputation with customers, employees, investors, and other stakeholders. This can lead to increased customer loyalty, employee satisfaction, and investor confidence.
- Competitive advantage: CSR can also provide a competitive advantage for companies by differentiating them from their competitors. Consumers are increasingly making purchasing decisions based on a company’s social and environmental impact, so companies that prioritize CSR may have an advantage over those that do not.
- Cost savings: CSR initiatives can also help companies reduce costs by improving efficiency, reducing waste, and minimizing environmental impact. This can lead to cost savings in the long run.
- Attracting and retaining talent: Employees are increasingly seeking out companies that are committed to social and environmental responsibility. By prioritizing CSR, companies can attract and retain top talent.
Applicability of CSR
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” text_font_size=”16″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_letter_spacing=”1px”]Organizations which are involved in doing CSR activities and which accepts CSR Contributions, for them Ministry of Corporate Affairs has come up with Compulsory CSR Registration w.e.f 22nd January 2021. It became mandatory for all society, trust and section 8 companies to take CSR registration from MCA so that they can accept CSR Contribution from different corporates, organizations and Government.
According to Notification every entity who is willing to do CSR activities and raising CSR funds they have to get register with MCA by filling form CSR-1 , After successful filling a unique CSR Registration Number will be generated by system automatically.
[/et_pb_text]Documents Required
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” text_font_size=”16″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_letter_spacing=”1px”]Following documents are required for CSR Registration of NGO’s:
[/et_pb_text][/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Registration Certificate & CIN/ Registration Number” alt=”csr registration of ngo, csr registration of society trust and section 8 company”]
[/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Certificates under Section 12A and 80G” alt=”csr registration of ngo, csr registration of society trust and section 8 company”]
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Additional Documents
[/et_pb_text][/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Trust Deed / Memorandum of Society” alt=”csr registration of ngo, csr registration of society trust and section 8 company”]
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[/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=” Trust Deed / Memorandum / by-laws of Society” alt=”csr registration of ngo, csr registration of society trust and section 8 company”]
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