CSR Services

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CSR Services

Companies have assumed a major role in the society, business has duty to serve society in general as well as the financial interests of stockholders. Corporate Social Responsibility (CSR) is a tool to integrate economic, environmental and social objectives with the Company’s operations and growth.

Companies contribute to sustainable development by managing their operations in such a way as to enhance economic growth and increase competitiveness whilst ensuring environmental protection and promoting social responsibility, including consumer interests.

CSR is a mandatory provision under Companies Act, 2013; an initiative of the Government to engage businesses with the agenda of national development. CSR is an instrument through which Companies contribute towards the economic development while improving the quality of workforce, their families, local community as well as society at large.

Governing Laws:

  • Section 135 of Companies Act, 2013;
  • CSR Rules 2014;
  • Schedule VII of Companies Act, 2013;
  • The CSR (Amendment) Rules, 2021 and the Companies (Amendment) Act, 2020.


Companies falling under CSR preview: - As per Section 135 (1) of Companies Act, 2013

-Every Company (including Foreign Company) having: -

  • Net worth of Rs. 500 Cr. or more Or;
  • Turnover of Rs. 1000 Cr. or more Or;
  • Net Profit of Rs. 5 Cr. or more

-During immediately preceding Financial year

The Companies to whom CSR is applicable needs to constitute CSR Committee (However, CSR Committee is not required, if amount to be spent by a company does not exceed fifty lakh rupees. In such cases Board shall discharge all functions of CSR Committee.

Note: Company which does not satisfy the above-mentioned criteria for a consecutive period of three financial years is not required to comply with the CSR obligations.

It is implied that a Company not satisfying any of the above specified criteria in a subsequent financial year would still need to undertake CSR activities unless it ceases to satisfy the above- mentioned criteria for a continuous period of three years.

Definition of CSR:

  • - Rule 2 of CSR Rules, 2014 [Amended by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021]
  • - Activities not considered as CSR specified clearly. Accordingly, the following activities shall not be considered CSR:
Definition of CSR

CSR Expenditure:

The Board has to 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, on Corporate Social Responsibility in accordance with Activities specified in Schedule VII in pursuance of its policy in this regard;

Documents Required for CSR Services

Documents required from Company for CSR Reporting/ Implementation and Guidance:

  • Audited Financial Statements of the entity for preceding three financial years;
  • CSR Policy;
  • Details of CSR Projects already undertaken by the Company;
  • Details of activities carried on by the Company in the earlier years;
  • CSR Report for preceding Financial Years;
  • Details of unspent amount;
  • Details of Computation of Net Profit for preceding three Financial Years; and
  • Details of Implementing Agencies.

Features and Benefits of CSR Services

  • 1. Statutory Obligation
  • 2. Corporate Governance
  • 3. Ethical Business Practices
  • 4. Maintains Good Stakeholder Relationship
  • 5. Alignment of Economic and Social Responsibilities

The benefits of CSR include the following:

  • Growth of Society as well as the Organisation;
  • Positive Business Reputation;
  • Brand Recognition;
  • Increased Sales and Consumer Loyalty;
  • Increased Profits and Better Financial Performance;
  • Benefits in attracting more funds;
  • Enhanced Public image;
  • Fosters Sustainable Environment;
  • Promotes Welfare and Healthcare;
  • Builds Public Trust;
  • Boosts the Company’s competitiveness;
  • Increase in Employee Engagement and Retention rates, etc.


The top CSR Companies of India includes the follows: Infosys, Tata Group, Wipro, Mahindra & Mahindra, Reliance Industries, HUL, ITC Limited, Vedanta, and many more.

Role Of Compliance Calendar Llp: -

CSR is a tool that helps the Organization as well as the Community in which an Organization operates to grow. Implementation of CSR requires a strategic approach, Expert advice and there are various technical aspects involved in it. Recently, Ministry has introduced various amendments to CSR Rules and have widen the scope of CSR Compliances and Reporting. Compliance Calendar LLP has a team of Professionals that not only helps in Formulation of CSR Policy but also helps in implementation of CSR Projects that reaps best benefits to Community as well as the Organization. Our team helps you in framing CSR Strategy – by studying the needs of Community, Selection of Implementing Agency – Identify and recommend NGO for implementing CSR Strategy, carry out Due- Diligence, Project Management- Regular Monitoring and Evaluation, Impact Assessment and helps to relief the Compliance Burden of the Company by complying with the requirements of Companies Act, 2013 and any other prevailing regulation. You can connect with us at info@ccoffice.in or connect at 9988424211.

Frequently Asked Questions

Excess amount may be set off against the requirement to spend under section 135(5) up to immediate succeeding three financial years’ subject to the conditions that –
What is the provision w.r.t Setoff of excess amount spend towards CSR in succeeding years

No, CSR Expenditure cannot be incurred on Activities not specified in Schedule VII of the Act. The items enlisted in Schedule VII are broad-based and intended to cover a wider range of activities, which must be interpreted liberally to capture the essence of subjects enumerated in Schedule.

No specific tax exemptions have been extended to CSR Expenditure. Expenditure on CSR does not forms part of Business Expenditure.

Penalty on the Company :

  • Upto twice the amount required to be transferred by the Company to Schedule VII Funds / Unspent CSR Account as the case may be Or
  • Rs. 1 Crore, whichever is less;

Penalty on every officer of the Company who is in default :

  • Upto 1/10th of amount required to be transferred by the Company to Schedule VII Funds / Unspent CSR Account as the case may be Or
  • Rs. 2 lakhs, whichever is less.