Updated on July 06, 2024 06:09:58 PM
CSR registration in Bangalore allows NGOs to obtain CSR funds from eligible corporate companies for various CSR activities. CSR is an abbreviation for Corporate Social Responsibility, and it refers to the grant and funding process by which non-profit organizations (NGOs) can receive financial and other financial support from the business sector.
The goal of bringing all NGOs together on the MCA portal is to create an efficient CSR spending tracking system. The CSR-1 registration process is entirely online and can be completed only with Practicing CA, CS, or CMA certification. Once the CSR registration is completed and approved, Registered NGOs can apply for registration on CSR Exchange Portal after 30 days from the date of approval.
CSR-1 Form is a registration form on MCA portal that needs to be filled by the entities(Mostly NGOs) to increase their chances of receiving funds from the companies that are entitled to donate 2% of their Net profits for CSR activities.
The ministry of Corporate Affairs has made it mandatory to submit the CSR Form in order to get fundings from corporate companies. NGOs and companies are brought under one umbrella where companies can find the right organization to release funds and the NGOs can showcase their proposals in their Project reports and get CSR funds.
So, a business can engage in CSR activities independently or through a company that is registered under Section 8, registered society or public trust, or an NGO, as described above. These entities or businesses that plan to carry out CSR activities must register their businesses with the Registrar of Companies by filing the CSR-1 form electronically.
Important: In order to get funds from foreign sources, NGO need to register for FCRA certificate apart from CSR registration.
According to the Companies Act of 2013, it is mandatory for certain companies to contribute 2% of the net profit in a financial year on the CSR activities. In accordance with the Companies Act, The CSR provision applies to companies having:
The cost of filing an electronic form CSR-1 in Bangalore is Rs 2,499 only; however, the amount may differ depending on the chairperson's valid DSC. If the chairperson has a valid DSC, the filing fee will be only Rs2,499.
If the chairperson doesn't possess an approved DSC, the fee would be the amount of Rs1,200 (for DSC) + Rs2,499 (Filing Fee) equals Rs 3,699 only.
| CSR Registration Fees in Bangalore | |
|---|---|
| CSR Filing Fees with Valid DSC | ₹2499 |
| CSR Filing fees without Valid DSC | ₹1200(DSC) + ₹2499(Filing) = ₹3699 |
The documents that must be uploaded to CSR-1 Registration in Bangalore are as follows:
To regulate the CSR activities by the non profit organizations, and to make sure that the usage of CSR funds are really improving the quality of lives in our country, The CSR committee has provided a full list of activities that can be performed using the CSR funds from corporate companies.
Following CSR activities are allowed for the NGOs and trusts as per the company acts, 2013
CSR Registration is beneficial for both the Registered NGOs and Corporate companies in Bangalore.
When NGOs register for CSR, they get the opportunity to attract tons of corporate companies who are willing to provide significant financial support to lead CSR activities. The process of obtaining corporate funding and donations from companies is easier due to the lack of legal obstacles.
The funds provided by CSR are used to address social development and have an impact on the standard of living of economically disadvantaged and marginalized members of society, so they can lead healthy and dignified lives. CSR is a corporate effort to evaluate and accept responsibility for the impact of the business on the environment as well as its impact on social well-being.
When corporate companies contribute to a greater cause, it builds the brand’s reputation among the people. It is also a significant statement for businesses to represent what they stand for. It assists its employees, people, and the organization itself in contributing to something larger than its own needs. CSR also provides a sense of belonging to employees. It strengthens employee bonds as well as devotion to the organization.
CSR is linked to the company's efforts to protect the environment and encourages positive environmental and social changes. CSR activities include the promotion of health, education and water, as well as environmental, social empowerment, and employment generation training for young people and women and differently-abled people through livelihood improvement projects.
Process of CSR-1 registration:
Documentation
Filing on MCA Portal
Inspection of the Form
Approval Letter from MCA
Complete Digital
Process
Free Expert
Assistance
Best Price
Guarantee
4.9/5 Google Rating
(350 Reviews)
Money Back
Guarantee
Simple & Fast
Process
In Bangalore, it only costs Rs 2,499 to file an electronic form CSR-1. However, the amount may be different if the chairperson does not have a valid DSC. The filing fee will only be ₹2499 if the chairperson has a valid DSC.
If the chairperson doesn't have an approved DSC, the fee would be ₹1200 for the DSC plus Rs 2,499 for the filing fee, for a total of ₹3,699.
According to the companies act, 2013, CSR funds can be utilized for activities specified by the csr committee. Some of them includes-
For detailed information on other activities, please refer to the complete list of CSR activities in India.
You need to file a CSR-1 form to get CSR funds from companies. Apart from that, you also need to prepare a project report that includes detailed information about the CSR activity and its impact on society. A good project report attracts good funds.
A CSR form can be filed in about two days. However, if you do not have the project report ready, it may take up to 10-15 days to write an appealing project report that boosts your chances of receiving more and more CSR funds.
To receive contributions from companies, an NGO must be registered on the MCA's CSR platform. Only NGOs who have registered with the Central Government by submitting form CSR-1 will be eligible for CSR funding.
Yes, an NGO seeking CSR must be registered under sections 12A and 80G of the Income Tax Act of 1961.
Call us on 011-45518998
+91 9821113117
[Mon - Sat, 10am - 7pm]
Write to us
809, 8th Floor, Madhuban Building,
Nehru Place, New Delhi - 110019
Reliable
Affordable
Assurity
They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
