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Greening CSR: How Emerging Environmental Regulations May Shape Your CSR Expenditure

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Author: CS Pradeep Kumar Parakh Executive Summary India's commitment to environmental sustainability is reflected in evolving environmental regulations. These changes can significantly influence how companies approach their CSR spending, potentially creating new focus areas and compliance considerations. This article explores the potential impact of recent (hypothetical) environmental regulations on corporate CSR expenditure. 1. The Interplay of Environmental Regulations and CSR  CSR provides a mechanism for companies to contribute to environmental protection and sustainability beyond their direct operational mandates. New environmental regulations can create both obligations and opportunities for CSR initiatives. 2. Environmental Regulations and Their CSR Implications Environmental regulations are constantly evolving, and there might have been more specific notifications, guidelines, or judicial pronouncements with localized or sectoral impacts. To keep updated with the most accur...
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CSR-2 Filing Deadline Extended to 30th June 2025

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In a welcome move for CSR-compliant entities, the Ministry of Corporate Affairs (MCA) has officially extended the deadline for filing Form CSR-2 for the financial year 2023–24 . As per the notification issued under the Companies (Accounts) Amendment Rules), 2025 [G.S.R. 317(E)] dated 19th May 2025 , Rule 12(1B) of the Companies (Accounts) Rules, 2014 has been amended to revise the filing deadline from 31st March 2025 to 30th June 2025 . 🔹 Who Needs to File? All companies falling under the scope of Section 135 of the Companies Act, 2013 —which mandates CSR compliance—are required to file CSR-2 , disclosing key CSR activities and expenditures for the financial year. 🔹 Why It Matters CSR-2 is a critical compliance requirement that reinforces transparency and accountability in CSR governance. Timely and accurate submission is necessary to avoid penalties and regulatory scrutiny . 🖥️ How to File The CSR-2 Form must be submitted through the MCA Portal on or before 30th June 2025 . ...
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Understanding Schedule VII: Key Updates Shaping Your CSR Approach

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Author: CS Pradeep Kumar Parakh Executive Summary Schedule VII of the Companies Act, 2013, defines the permissible avenues for Corporate Social Responsibility (CSR) activities in India. Staying informed about any recent modifications or clarifications to this crucial schedule is essential for companies to align their CSR strategies effectively and ensure compliance. This article deciphers the key aspects of Schedule VII, highlighting what's new and guiding companies in adapting their CSR initiatives. 1. The Foundation: Understanding Schedule VII Schedule VII acts as the definitive guide, outlining the sectors and activities that qualify as legitimate CSR expenditure under the Companies Act, 2013. Its provisions directly shape the focus and implementation of corporate social responsibility across India. 2. Updates Schedule VII and its Strategic Implications It's important for companies to be aware of any recent notifications or clarifications issued by the Ministry of Corporate ...
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Decoding "Ongoing Projects": Ensuring Smooth CSR Compliance as FY 2024-25 Concludes

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  Author: CS Pradeep Kumar Parakh Executive Summary As the financial year draws to a close, companies must ensure compliance with CSR regulations under India’s Companies Act, 2013. Failure to meet CSR obligations can lead to financial and reputational risks. This article outlines the key areas for CSR review and financial year-end planning. 1. The Concept of "Ongoing Projects" in CSR  The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, introduced the concept of "ongoing projects," allowing companies to set aside unspent CSR amounts for multi-year projects. Clear understanding of this definition is crucial for year-end reporting. 2. Key Regulatory Concepts Requiring Attention The Ministry of Corporate Affairs (MCA) has from time to time clarified the concept of “Ongoing Projects” via Section 135, The Companies (Corporate Social Responsibility Policy) Rules, 2014 and circulars issued from time to time: The minimum duration for a project to be...
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