MCA introduces new Form CSR -2: A step towards more transparent CSR reporting
MCA introduces new Form CSR -2: A step towards more transparent CSR reporting : News Dated 11.02.2022 The Central Government has notified the Companies (Accounts) Amendment Rules,2022. As per amended rules, every company covered under u/s 135 shall furnish a report on Corporate Social Responsibility in E-Form CSR-2 to the Registrar for the preceding financial year (2020-2021) and onwards. The CSR-2 is to be filed as an addendum to Form AOC-4/AOC-4 XBRL/AOC-4 NBFC (Ind AS) as the case may be. However, form CSR-2 for the F.Y.2020-21 shall be filed separately latest by 31stMarch 2022. Companies falling under section 135 are required to spend a certain %of their profits on CSR as specified in the section. Earlier there was no form prescribed to furnish a report on CSR. Now through this notification ministry introduced the same. 1. Objective of Amendment : Company is a part of society and has duties towards ...