My observations on MCA directing Cos. to furnish CSR Report in e-Form CSR-2:

MCA has issued a notification and amended Companies (Accounts) Rule, 2014. MCA has directed every Co. (to whom CSR provisions are applicable) to furnish a report on CSR in e-Form CSR-2 to the ROC for the preceding year (2020-2021). For FY 2020-2021, e-Form CSR – 2 shall be filed separately on or before March 31, 2022.

My observations (after going through the notification): Very precise and micro-details asked by the MCA about the compliance of section 135 of the Act and Rules. After going through the Form, it seems that the Rules have been converted into an e-Form. Some extra financial information is also asked by the MCA. This means that Cos. have to take CSR provisions very seriously from the perspective of compliance. The form has no certification of practising professional. The e-Form will require a lot of co-ordination between CS Dept., CSR Dept. and finance dept. (at least for the first return).

Good for ESG consultants and analyst. a lot of sorted information.