E-form CSR – 2

Ministry of corporate affairs (MCA) vide notification dated 11 February 2022, has amended the Companies (Accounts) Rules 2014. With this amendment new sub-rule (1B) has been inserted in rule 12 of in the said rule which became effective from 11 February, 2022.

Applicability:
The rule is applicable to all companies covered under section 135(1) of the Companies Act, 2013 (the Act). Every which under the scope of section 135(1) of the Act is required to furnish a report on Corporate Social Responsibility (CSR) in e-Form CSR-2 to the registrar as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS) as the case may be.

Filing:
For the Financial Year 2020-21 – e-Form CSR-2 was required to be filed separately on or before 30 June, 22. For the Financial year 2021-22 onwards – e – Form CSR-2 was required to be filed separately on or before 31 March 2023.

For the financial year 2022-23, Form CSR-2 is also to be filed separately on or before 31 March, 2024 after filing Form No. AOC-4 or Form No. AOC-4-NBFC (Ind AS), or Form No. AOC-4 XBRL as the case may be

It is pertinent to note that most of the disclosures mandated in e-form CSR-2 are already being disclosed as a part of directors’ report. It seems to be that the rolling out of e-Form CSR-2 is an effort towards collating the information which will provide comprehensive picture w.r.t. CSR funds spent and activities carried out. It will help MCA to undertake data mining and analysis of the same.

Click here to view the draft of e-form CSR – 2