CORPORATE SOCIAL
RESPONSIBILITY
- Mandatory Reporting
Geetanjali Gaur
Indian Institute of Corporate Affairs
Reporting on CSR Initiatives
1. A brief outline of the company’s CSR policy
including the overview of projects or
programs proposed to be undertaken and a
reference to the web-link of the CSR Policy
and projects or programs;
2. The composition of CSR Committee;
3. Average Net Profit of the company for last 3
financial years;
4. Prescribed CSR Expenditure (2% of the
amount as in item 3 above).
2
Reporting on CSR Initiatives…{CONTD.}
5. Details of CSR spent during the financial year:
 total amount to be spent for the FY;
 amount unspent, if any;
 Manner in which the amount spent during the
financial year is detailed as:
3
REPORTING TEMPLATE
1.
2.
Sr CSR
N
3.
4.
Sector in Projects/P
project/ac which the rogramme
o. tivity
identified
project is s
covered
1.Local
areas/ot
hers
5.
6.
Amount
Amount
outlay
state/di
8.
Cumu Amount
spent on the lative
spent
(budget
programme
spen
Direc
)
/project
d
t or
project/
Subheads
upto
throu
program
1.Direct
the
gh
me wise
expenditu
repor
imple
re on
ting
menti
projects
perio
ng
d
agen
2.Specify
the
7.
2.Over
strict
heads
cy*
* Give details of Implementing Agency
4
Reporting on CSR Initiatives…{CONTD.}
6. In case the company has failed to spend the
2% of Average Net Profit (INR) of last 3
financial years, please provide the reasons
for not spending the amount in its Board
report;
7. A
responsibility statement of the CSR
Committee, that the implementation and
monitoring of CSR Policy, is in compliance
with CSR Objectives and Policy of the
company.
5
Reporting on CSR Initiatives…{CONTD.}
 Signed
…………………………………………..
 (CEO/Managing Director/Director)
……………………………………
 (Chairman CSR Committee)
……………………………………
 (Person specified under clause (d) of sub-section (1) of section
380 of the Act) (wherever applicable)
6
Highlights of Reporting
In reporting disclose reasons for not
spending under clause (o) of sub - section
(3) of Section 134;
A company may collaborate with other
companies for undertaking projects or
programs or CSR activities provided that
CSR Committees of respective companies
are in a position to report separately on such
projects or programs in accordance with
CSR rules.
7
PENALIZATION PROVISIONS for COMPANIES
Sub Section (8) of Section 134
If a company contravenes the provisions of this
section clause (o of sub - section (3) of Section 134)
,the company shall be punishable with fine which
shall not be less than fifty thousand rupees but which
may extend to twenty-five lakh rupees and every
officer of the company who is in default shall be
punishable with imprisonment for a term which may
extend to three years or with fine which shall not be
less than fifty thousand rupees but which may extend
to five lakh rupees, or with both.
8