The Classic Partners LLP

CSR Overview – Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a statutory requirement for companies that cross the thresholds under Section 135 of the Companies Act, 2013. We help companies set up their CSR framework, register implementing agencies, and file their CSR reports.

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What is CSR Under the Companies Act?

CSR is the obligation of certain companies to spend a part of their profits on social development. Under Section 135 of the Companies Act, 2013, a company that meets the prescribed net worth, turnover, or net profit threshold must form a CSR Committee, adopt a CSR policy, and spend at least 2% of the average net profits of the three immediately preceding financial years on CSR activities.

We help companies review applicability, build the CSR framework, and meet their reporting duties, as part of our wider compliance services.

Who is Covered by CSR?

Companies with a net worth of Rs 500 crore or more.
Companies with a turnover of Rs 1,000 crore or more.
Companies with a net profit of Rs 5 crore or more in the immediately preceding financial year.
Holding and subsidiary companies that cross these limits.
Foreign companies that meet the criteria for their Indian operations.

CSR Registration and Reporting

Implementing agencies such as trusts, societies, and Section 8 companies that carry out CSR projects must register with the MCA through Form CSR-1 and obtain a CSR Registration Number.

Companies report their CSR activities and spending to the MCA through Form CSR-2. We handle both the registration and the reporting.

Our CSR Services

CSR Applicability Review

Checking whether the thresholds apply and the CSR spend the company must make.

CSR Committee & Policy

Setting up the CSR Committee and drafting the CSR policy.

CSR-1 Registration

Registering implementing agencies with the MCA through Form CSR-1.

CSR-2 Filing

Preparing and filing the CSR report with the MCA.

Project Documentation

Documenting CSR projects, approvals, and fund utilisation.

CSR Advisory

Guidance on eligible activities, spending, and the unspent-amount rules.

Why Choose The Classic Partners

Specialised experience with CSR compliance for companies and implementing agencies.
End-to-end handling from applicability and policy to CSR-1 and CSR-2.
Timely filing so CSR reporting deadlines are met.
Transparent fees and a single point of contact.

Related Services

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Frequently Asked Questions

What is CSR under the Companies Act, 2013?

CSR is the requirement for certain companies to spend at least 2% of their average net profits of the three immediately preceding financial years on social development activities under Section 135.

Which companies must comply with CSR?

A company that has a net worth of Rs 500 crore or more, a turnover of Rs 1,000 crore or more, or a net profit of Rs 5 crore or more in the immediately preceding financial year is covered by CSR.

How much must a company spend on CSR?

A covered company must spend at least 2% of the average net profits of the three immediately preceding financial years on CSR activities.

What is the difference between CSR-1 and CSR-2?

CSR-1 is the registration of an entity that wants to carry out CSR activities, while CSR-2 is the report a company files on its CSR activities and spending.

What happens to unspent CSR amounts?

Unspent CSR amounts must be dealt with under the rules, including transfer to a specified fund or to an ongoing-project account, depending on the case.

Do you handle the full CSR compliance?

Yes. We review applicability, set up the committee and policy, register implementing agencies through CSR-1, and file CSR-2.

Need help with CSR compliance?

Get your CSR framework, registration, and reporting handled under one roof.