Form CSR2 was extended by 1 more month for the financial year 2020-21. Now it can now be filed upto June 30, 2022
Also for the financial year 2021-2022, Form CSR-2 shall be filed separately on or before 31st March 2023 after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.
The Central Government notified Companies (Accounts) Third Amendment Rules, 2022 to further to amend the Companies (Accounts) Rules, 2014.
Key points:
The amendment extends the date for furnishing CSR Report in Form CSR-2 from May 31, 2022, to June 31, 2022.
Following proviso in Rule 12(1-B) shall be substituted with the following:
“Provided further that for the financial year 2021-2022, Form CSR-2 shall be filed separately on or before 31st March 2023 after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be”.
MCA has to vide notification Dt. 31.03.2022 extended the due date for submitting Form CSR-2 till 31.05.2022 from the existing due date of 31.03.2022.
MCA had introduced the requirement for filing form CSR-2 for each company which is covered under section 135(1) and required to conduct CSR activities as per Company law.
As per section 135 of the Companies Act, 2013 the following companies are liable for conducting Corporate Social Responsibility:
“(1) Every company having a net worth of rupees five hundred crores or more, or turnover of rupees one thousand crores or more or a net profit of rupees five crores or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.”
If you have any clarifications or questions pertaining to MCA further extend the due date for filing CSR-2 for F.Y. 2020-21 till 30th June 2022, contact us and we will assist you. If you are looking to make the whole compliance process easy for you, we have the best solution for you: www.iconnectfinance.com Do check it out. I Connect Financial Solution offers the service of company registration in Pune.