Statutory Meaning & Definition
Mandatory spending by companies with net worth ≥ ₹500 crore, turnover ≥ ₹1000 crore, or net profit ≥ ₹5 crore under Section 135 of Companies Act 2013. At least 2% of average net profit of preceding 3 years must be spent on CSR activities.
Frequently Asked Questions (FAQs)
What is Corporate Social Responsibility in Indian corporate law?
Mandatory spending by companies with net worth ≥ ₹500 crore, turnover ≥ ₹1000 crore, or net profit ≥ ₹5 crore under Section 135 of Companies Act 2013. At least 2% of average net profit of preceding 3 years must be spent on CSR activities.
Why is Corporate Social Responsibility important for compliance?
Corporate Social Responsibility is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Corporate Social Responsibility?
Corporate Social Responsibility is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to MCA:
MCA Overseas Listing Amendment Rules 2026 (G.S.R. 968(E)): Equity Instruments, IFSC Companies and the 75% QIB Route
Published: 5 November 2026
INC-20A Declaration for Commencement of Business: 180-Day Due Date, Fees, Penalty & MCA V3 Filing Guide
Published: 4 November 2026
MSME Form I Half-Yearly Return: Due Dates, Applicability, Section 405(4) Penalty & MCA V3 Filing Steps
Published: 2 November 2026
Was this article accurate and helpful?
Help us maintain high accuracy standards across corporate law updates.