Skip to content
Auriga accounting
Auriga accounting
Edit Content
auriga accounting

CSR-1 Registration

Get CSR 1 Registration for NGOs done at Auriga Accounting. Our dedicated team provides you with unmatchable service and expertise and is your one-stop solution for CSR registrations.

Get Your FSSAI license Hassle Free.

APPLY NOW..

Why Should I Use Auriga Accounting For CSR-1 Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your CSR-1 Registration.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your CSR-1 Registration

Why Should I Use Auriga Accounting For CSR-1 Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your CSR-1 Registration.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your CSR-1 is registered

OVERVIEW

CSR stands for Corporate Social Responsibility. It refers to the ethical and socially responsible behavior of a company or organization. CSR encompasses the voluntary actions that businesses take to address and improve their impact on society and the environment.

The primary goal of CSR is to go beyond the profit-oriented objectives of a company and consider the interests of various stakeholders, including employees, customers, communities, and the environment. It involves integrating social and environmental concerns into business operations and interactions with stakeholders.

Examples of CSR initiatives include

  • Environmental Sustainability: Implementing practices to reduce carbon emissions, conserve energy and water, and minimize waste and pollution.
  • Philanthropy and Community Engagement: Supporting charitable organizations, volunteering, and contributing to the development of local communities.
  • Ethical Labor Practices: Ensuring fair treatment of employees, providing safe working conditions, and promoting diversity and inclusion.
  • Supply Chain Responsibility: Promoting responsible sourcing, fair trade practices, and ensuring suppliers adhere to ethical standards.
  • Stakeholder Engagement: Engaging with stakeholders to understand their concerns, addressing grievances, and promoting transparent communication.
  • Education and Skill Development: Supporting educational initiatives, providing training opportunities, and promoting skills development in the community.
  • Consumer Protection: Ensuring product safety, fair pricing, and accurate information for consumers.

ELIGIBILITY

  • As per the Companies Act 2013 in India, certain companies meeting specific criteria are required to spend a specified percentage of their average net profit on Corporate Social Responsibility (CSR) activities. The eligibility criteria for companies to apply CSR under the Companies Act 2013 are as follows
  • Applicability: The CSR provisions are applicable to companies meeting any of the following criteria in the preceding financial year:

    1. Companies with a net worth of rupees 500 crore or more.
    2. Companies with a turnover of rupees 1,000 crore or more.
    3. Companies with a net profit of rupees 5 crore or more.
  • CSR Spending Requirement: The Act mandates that eligible companies must spend at least 2% of their average net profits made during the three immediately preceding financial years on CSR activities.

  • CSR Committee: Companies meeting the above criteria are required to constitute a CSR Committee of the Board comprising at least three directors, including at least one independent director.

  • CSR Policy: The CSR Committee is responsible for formulating and recommending a CSR policy to the Board of Directors. The policy outlines the CSR activities to be undertaken by the company, including the sectors or areas in which the company intends to make its contributions.

  • Reporting: The company is required to disclose its CSR initiatives and expenditure in its annual financial statements and the Director’s Report. This disclosure includes details of the CSR projects or programs undertaken, the amount spent, and the manner of implementation.

benefit's

  • Enhanced Brand Image and Reputation: Engaging in CSR activities helps build a positive brand image and enhances the reputation of the company. When companies are seen as socially responsible and ethical, they gain the trust and respect of customers, employees, and the community.
  • Increased Customer Loyalty and Trust: Consumers today are more conscious of social and environmental issues. By demonstrating a commitment to CSR, companies can attract and retain customers who prefer to support businesses that align with their values. CSR initiatives can foster customer loyalty and trust in the brand.

  • Employee Engagement and Retention: CSR activities create a sense of purpose and pride among employees. When companies actively contribute to society and the environment, it boosts employee morale, engagement, and job satisfaction. Engaged employees are more likely to stay with the company, leading to reduced turnover and recruitment costs.

  • Competitive Advantage: CSR can provide a competitive edge by differentiating a company from its competitors. Companies that actively invest in social and environmental initiatives may be preferred by customers, investors, and partners over those who do not prioritize CSR.

  • Access to Capital and Investment Opportunities: CSR can attract socially responsible investors who consider environmental, social, and governance (ESG) factors when making investment decisions. Embracing CSR can increase a company’s access to capital and potential investment opportunities.

  • Risk Management: CSR practices can help identify and manage potential risks associated with social and environmental issues. By proactively addressing these risks, companies can mitigate negative impacts on their operations, reputation, and financial performance.

  • Improved Stakeholder Relationships: CSR initiatives enable companies to engage with stakeholders, including local communities, NGOs, government agencies, and suppliers. Building strong relationships with stakeholders fosters collaboration, goodwill, and mutual support.

  • Innovation and Long-Term Sustainability: CSR encourages companies to innovate and develop sustainable practices. By focusing on environmental stewardship and resource efficiency, companies can reduce costs, drive innovation, and ensure long-term business sustainability.

Documents Required

  • CSR Policy: A documented CSR policy outlines the company’s commitment to CSR and provides guidance on the approach, focus areas, and objectives of CSR initiatives. It describes how the company intends to address social and environmental issues and allocate resources for CSR activities.
  • CSR Committee Formation: Companies required to constitute a CSR Committee under applicable laws will need to document the formation of the committee. This document typically includes the composition of the committee, roles and responsibilities of its members, and the frequency of committee meetings.

  • CSR Action Plan: A detailed action plan outlines the specific CSR initiatives to be undertaken, along with timelines, resource allocation, and expected outcomes. The action plan provides a roadmap for implementing CSR projects and activities effectively.

  • Budget and Financial Statements: Companies should prepare a budget for their CSR activities, indicating the estimated costs associated with different initiatives. Additionally, financial statements related to CSR expenditure should be maintained, detailing the actual expenses incurred for CSR activities.

  • Impact Assessment and Reporting: Companies may need to document the impact assessment methodologies used to measure the effectiveness of CSR initiatives. This includes evaluating the social, environmental, and economic impact of the activities undertaken. Additionally, companies are typically required to prepare CSR reports that provide an account of their CSR initiatives, expenditure, and outcomes.

  • Documentation of CSR Projects and Partnerships: Maintain documentation related to specific CSR projects, including project proposals, agreements or MOUs with implementing partners, and progress reports. These documents help track the implementation and impact of individual projects.

  • Compliance and Audit Reports: Companies should maintain compliance and audit reports related to CSR activities. These reports demonstrate adherence to legal requirements, proper utilization of funds, and compliance with relevant regulations and guidelines.

PROCESS

The process of implementing Corporate Social Responsibility (CSR) initiatives can vary depending on the company and its specific goals and resources. However, here is a general framework that outlines the key steps involved in the CSR process

  • Identify Stakeholders and Prioritize Issues: Identify the key stakeholders who are affected by or have an interest in the company’s operations, including employees, customers, local communities, and environmental groups. Understand their concerns and expectations regarding social and environmental issues. Prioritize the issues based on their significance to the stakeholders and the company’s operations.
  • Formulate a CSR Strategy and Policy: Develop a clear CSR strategy and policy that aligns with the company’s vision, values, and business objectives. The policy should outline the company’s commitment to responsible business practices, define the focus areas for CSR activities, and establish goals and targets for impact measurement.
  • Conduct Materiality Assessment: Assess the material impacts and risks associated with the company’s operations and value chain. Identify the social, environmental, and governance issues that are most significant to the company and its stakeholders. This assessment helps prioritize CSR initiatives and allocate resources effectively.
  • Plan and Implement CSR Initiatives: Based on the identified priorities and goals, develop specific CSR initiatives and action plans. These initiatives can encompass a range of activities, such as environmental sustainability programs, community development projects, employee engagement initiatives, ethical sourcing practices, or philanthropic partnerships. Ensure that the initiatives are well-defined, measurable, and aligned with the company’s core competencies and resources.
  • Engage Stakeholders and Build Partnerships: Collaborate with stakeholders and build partnerships with relevant organizations, NGOs, government agencies, or other businesses to enhance the impact and reach of CSR initiatives. Involve employees in the process and encourage their participation and feedback. Seek input and engage in transparent communication with stakeholders throughout the CSR journey.
  • Allocate Resources and Monitor Progress: Allocate the necessary financial, human, and technological resources to support the implementation of CSR initiatives. Establish systems for monitoring and tracking progress towards the defined goals and targets. Regularly assess and report on the impact and effectiveness of CSR activities.
  • Communicate and Report: Transparently communicate the company’s CSR initiatives, progress, and achievements both internally and externally. Develop a comprehensive CSR report that provides an account of the company’s CSR activities, impact, and future plans. Share the report with stakeholders, investors, and the wider public to demonstrate the company’s commitment to responsible business practices.

VALIDITY

  • Once the NGO is registered with the ROC, it can then apply for CSR-1 registration with the Ministry of Corporate Affairs (MCA). The MCA will issue a registration certificate to the NGO, which will be valid for three years.

WHY AURIGA?

  • Providing Guidance on CSR Regulations: Accounting firms can help companies understand the legal requirements and regulations related to CSR in their jurisdiction. They can provide guidance on the eligibility criteria, mandatory spending requirements, reporting obligations, and compliance with CSR laws.
  • Developing CSR Strategies and Policies: Accounting firms can work with companies to develop comprehensive CSR strategies and policies tailored to their specific objectives and industry. They can help identify key CSR focus areas, define measurable goals, and establish frameworks for monitoring and evaluating CSR initiatives.

  • Impact Assessment and Reporting: Accounting firms can assist in conducting impact assessments of CSR activities, measuring and quantifying the social, environmental, and economic impact of initiatives. They can help develop methodologies for assessing and reporting on the outcomes and effectiveness of CSR projects.

  • Financial Management and Reporting: Accounting firms can provide financial management services related to CSR, including budgeting, tracking expenses, and ensuring compliance with financial reporting requirements for CSR expenditures. They can help companies accurately allocate and track financial resources dedicated to CSR initiatives.

  • Assurance and Verification: Some accounting firms offer assurance and verification services for CSR reporting. They can provide independent audits or assurance opinions on CSR reports, verifying the accuracy and reliability of the information disclosed.

Get more details

Our Happy Clients!

MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

Trusted by 400,000 clients and counting, including …