India – Extended Deadline for CSR-2 Filing

India’s Ministry of Corporate Affairs has extended the deadline for companies to file their Corporate Social Responsibility Form 2 (CSR-2) for the financial year 2023-2024.

The Companies (Accounts) Second Amendment Rules, 2024, now stipulate that the CSR-2 report must be filed on or before the 31^st of March 2025 instead of the previous deadline of 31^st December.

The CSR-2 is a mandatory annual filing requirement for all companies in India falling under Section 135(1) of the Companies Act, 2013. This includes companies with:

• Net worth of ₹500 crore or more
• Turnover of ₹1,000 crore or more
• Net profit of ₹5 crore or more (calculated as per Section 198 of the Companies Act, 2013)

The CSR-2 is designed to provide a comprehensive report on a company’s CSR activities, expenditures, and impact for a given financial year.

Required Documentation for CSR-2 filing:

• Previous year’s Form CSR-2 filed with MCA
• Financial statements for FY 2022-23 and FY 2023-24
• Receipt/acknowledgement of Form AOC-4 filed for FY 2023-24
• Directors’ Report Annexure: CSR FY 2023-24
• Details of CSR Committee (number and names of directors)
• Number of CSR Committee meetings held in FY 2023-24
• Company website information (if applicable)
• CSR Policy

The Risks of Non-Compliance

CSR reporting in India is a legal requirement under Section 135 of the Companies Act, 2013. Companies must disclose their CSR spending and activities to remain compliant.

Non-compliance can lead to legal and financial penalties, tarnishing the company’s reputation and financial standing.

Contact us for further guidance or support with CSR-2 filing.