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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 31st of March 2025 instead of the previous deadline of 31st 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.
