An Insight Into CSR Compliances

Welcome to our essential webinar: An Insight Into CSR Compliances! 🤝🌱 Corporate Social Responsibility (CSR) in India has evolved from a voluntary act of philanthropy into a mandatory legal obligation. The CSR provisions of the Companies Act, 2013, are a powerful tool for driving social and environmental change, but they require meticulous planning and strict adherence to a complex regulatory framework. This session will provide you with a comprehensive overview of the CSR compliance landscape, guiding you through the legal requirements, reporting obligations, and best practices to ensure your company's social initiatives are both impactful and fully compliant. In this webinar, our experts will delve into: Applicability & Thresholds: A clear understanding of the eligibility criteria under Section 135 of the Companies Act, 2013, including the net worth, turnover, and net profit limits. Mandatory Spending: The core requirement to spend at least 2% of the average net profit of the preceding three years on CSR activities. The Role of the CSR Committee: The constitution and key responsibilities of the CSR Committee in formulating policy, recommending projects, and monitoring implementation. CSR Activities & Schedule VII: A deep dive into the activities permissible as CSR under Schedule VII of the Act, with a discussion on what constitutes a valid CSR spend and what is explicitly excluded. Handling Unspent CSR: Navigating the legal provisions for managing unspent amounts, including the transfer of funds to a special account for "ongoing projects" or to a government-specified fund within stipulated timelines. Reporting & Disclosures: An in-depth look at the mandatory reporting requirements, including the format of the annual report on CSR activities (Form CSR-2) to be included in the Board's Report. Consequences of Non-Compliance: A practical discussion on the penalties and liabilities for companies and their officers in default. Best Practices for Implementation: Strategies for developing an effective CSR policy, selecting impactful projects, and ensuring robust internal controls and documentation. Who should watch: Company Secretaries & Compliance Officers CFOs and Finance Professionals Board Directors and CSR Committee Members Legal Professionals & Corporate Consultants CSR Heads and Managers Anyone involved in corporate governance, sustainability, and social impact initiatives. Key takeaways: Gain a clear understanding of the CSR legal framework and compliance obligations. Learn how to effectively manage unspent CSR funds to avoid penalties. Master the reporting and disclosure requirements for CSR activities. Equip your organization to build a strategic and compliant CSR program. Don't miss this essential session to ensure your company’s social contributions are not only meaningful but also perfectly aligned with the law! 👍 If you find this video helpful, please give it a thumbs up and subscribe to our channel for more insights into corporate law, governance, and compliance. 🔔 Click the bell icon to get notified of our latest uploads! Connect with us for more insights and updates: LinkedIn:   / mnmlegal   Facebook:   / mnmlegals   Instagram:   / mehtaandmehta   #CSR #CorporateSocialResponsibility #CSRCompliance #CompaniesAct2013 #CSRIndia #CorporateGovernance #CSRReporting #LegalCompliance #SustainableBusiness #Webinar #MehtaAndMehta