Ministry of Corporate Affairs has made Form CSR-1 available on its website. The ministry has mandated filing of form by implementing entities intending to undertake CSR activities electronically for all CSR projects effective from 1st April 2021.
A unique CSR Registration Number shall be generated for all companies submitting Form CSR-1. In this way, a list of all such participating entities is maintained by the MCA which increases the chances of timely fulfilment of proposed activities. This past performance record of implementing agencies can be referred to by the companies and help them decide their engagement for future CSR activities.
Also Read: What is the Form CSR-1?
The provisions of the 2019 Amendment to the Companies Act, 2013 pertaining to Corporate Social Responsibility (CSR) came into force on January 22.
As per the new provisions, every entity that intends to undertake any CSR activity will have to register itself with the Central Government by filing the form CSR-1 electronically with the Registrar of Companies, with effect from April 1, 2021. “Form CSR-1 shall be signed and submitted electronically by the entity and shall be verified digitally.
On the submission of the Form CSR-1 on the portal, a unique CSR Registration Number shall be generated by the system automatically,” MCA added.