THE COMPANIES (ACCOUNTS) AMENDMENT RULES, 2022 – INTRODUCTION OF FORM CSR- 2
The Ministry of Corporate Affairs (MCA) vide Notification dated February 11, 2022, has issued ‘Companies (Accounts) Amendment Rules, 2022 the Companies (Accounts) Rules, 2014.
The Amendment Rules:
- Inserts new-sub rule 1A in Rule 12 in Companies (Accounts) Rules, 2014
- Adds a new form – form no. CSR-2 (Report on the Corporate Social Responsibility)
- The same shall come into force from the February 11, 2022
As per sub rule 1A in Rule 12:
Every company covered under the provisions of sub-section (1) of section 135 of the Companies Act, 2013, shall furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar for the preceding financial year (2020-2021) and onwards as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS).
Further, for the preceding financial year (2020-2021), Form CSR-2 shall be filed separately on or before 31st March 2022, after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.
From the above, we can interpret that the due date of CSR-form 2 is:
- Y. 2020-21: separately on or before 31st March, 2022
- Y. 2021-22 onwards: as an addendum to form AOC-4 (due date of AOC-4)
The form instructions and contents be accessed at below MCA link:
https://www.mca.gov.in/Ministry/pdf/CSR2_help.pdf
The MCA notification of Companies (Accounts) Amendment Rules, 2022 and the form CSR-2 is enclosed herewith.
Disclaimer: This article is only a knowledge-sharing initiative and is based on the Relevant Provisions as applicable and as per the information existing at the time of the preparation. In no event, RMPS & Co. or the Author or any other persons be liable for any direct and indirect result from this Article or any inadvertent omission of the provisions, update, etc if any.
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