Our Firm Deepali A. Sadavarte & Associates is engaged in Consultation for Corporate Social Responsibility (CSR) Compliances which are mandatory for certain class of companies under the Companies Act, 2013
CSR is mandatory for the following Companies:
Every Company having:
- Net Worth of Rs.500 Crores or More
- Turnover of Rs.1000 Crores or More
- Net Profit of Rs.5 Crore or More (Net Profit Before Tax) during the immediately preceding financial year shall establish a Corporate Social Responsibility Committee of the Board involving three or more directors, out of which at least one director shall be an independent director
Provided that where a company is not required to appoint an Independent Director, it shall have in its Corporate Social Responsibility Committee two or more directors.
The Board’s report under sub-section (3) of section 134 shall disclose the composition of the Corporate Social Responsibility Committee.
The Board of every company shall ensure that the company spends, in every financial year, at least 2% of the average net profits of the company made during the three immediately preceding financial years or where the company has not completed the period of three financial years since its incorporation, during such immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy
- Drafting of CSR Policy
- Providing advisory services for all compliances in relation to CSR
- Helping companies and philanthropic organisations strategically to facilitate CSR compliance for complex legalisations
- All MCA21 Compliances, filing of various e-forms with the Registrar of Companies under Companies Act, 2013