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CSR Exchange Registration

The National CSR Exchange Portal was launched in December 2016 as a part of the Ministry of Corporate Affairs’ initiative to promote and encourage corporates to share information about their social responsibility initiatives voluntarily.

    Origin of National CSR Exchange Portal

    The National CSR Exchange Portal is a web-based portal that provides information on the CSR activities of listed companies. 

    The portal was launched in September 2016. It is maintained by the Ministry of Corporate Affairs (MCA).

    The objective of the portal is to enable investors and stakeholders to track the CSR activities of listed companies. 

    The portal provides information about CSR projects and activities carried out by companies during the financial year 2017-18. 

    It also has information on contributions made by companies towards various causes such as environment, health & sanitation, education etc.

    Brief History of the National CSR Exchange Portal

    CSR National Stock Exchange Portal was launched in December 2016. It is a web-based portal, and it is a joint initiative of the Ministry of Corporate Affairs and the National Stock Exchange. 

    The portal has been created to provide a one-stop solution for all CSR-related activities and encourage companies to undertake CSR programs.

    Brief History of the Portal:

    The CSR National Stock Exchange Portal was launched on December 23rd, 2016. It is an initiative by both NSE and MoCA (Ministry of Corporate Affairs). 

    The portal allows companies registered under CSR rules to submit their contributions online as well as view information related to past donations made by other firms with similar interests.

    . The portal also provides a platform for companies to receive support from other entities in the form of grants, loans, and donations to fund their CSR activities.

    The portal is available in both English and Hindi languages. It can be accessed through the NSE website.

    Requirements before filling out the CSR form

    • You must be a registered company.
    • You must have a PAN number.
    • You must have a bank account.
    • You should have an active website and email id, which will be provided to you by the portal while submitting the online application form. This will also help them communicate with you regarding any updates or information related to your CSR activities or reporting compliance.

    Why the CSR National Stock Exchange Portal?

    The CSR National Stock Exchange Portal is a one-stop shop for all your CSR-related needs. 

    It is a platform for corporates to register their CSR activities and for NGOs to participate in the same. 

    This portal will also offer a database of various public and private organizations working towards sustainable development, which interested parties like investors can access, shareholders etc., who want to invest in CSR projects.

    How to register on the National CSR Exchange Portal as a corporation?

    The first step to register on the National CSR Exchange Portal is to fill out an application form. 

    After submitting your application, you will get a unique password, username and personal identification number (PIN) which you need to log in with later.

    Once registered, you can start uploading your company’s CSR data. You can also access NCSRD’s support services at any time by calling their helpline or emailing them through their website.

    Mandatory fields in Form CSR Part II

    CSR Part II is a mandatory field.

    The Project Name is the name of your project and should not be more than 30 characters in length. 

    The Project Location is where you want to carry out your CSR activity and should be entered as an address with city and state (if applicable) or country name if there are multiple locations.

    The NGO Partner’s name should correspond to one of those listed on your NGO Partner list, which was provided in Form CSR Part I. If you have only one NGO partner, then leave this field blank.

    Project Duration: This field indicates how long you intend to spend conducting CSR activities with your NGO partner(s). 

    Entering “less than 6 months” will cause your application to be rejected by our system as we consider such projects ineligible under Section 5(1)(a)(ii) of the CSR Act 2012 (No deduction shall be allowed for any donation made or expenditure incurred within six months from the date of its previous deduction under this section). 

    You must also ensure that all activities covered under this section fall within a single financial year. Hence, there are no overlaps between 2 different years under Section 5(1)(a)(iii) of the same act mentioned above.

    Number of People Covered: This field describes how many beneficiaries will benefit from the activities listed above during their duration period (in human form). 

    Please note that beneficiaries may include both adults/children over 18 years old as well as minors below 18 years old who have been orphaned or abandoned by parents due to death/illness/disability, etcetera – but only if such orphans/abandoned children were left solely dependent upon their biological parents up until their deaths (or abandonment). 

    In addition, we would request applicants seeking deductions under this category provide us with the proof before presenting it at any future audits conducted by authorities, including but not limited to International Financial Services Center Limited (IFSC Ltd), Hong Kong Securities & Futures Commission Limited (SFC), Inland Revenue Department of Hong Kong Special Administrative Region (IRD) and/or any other relevant government departments. 

    Please note that we must be provided with such proof before filing your application with us as well as presenting it at any future audits conducted by authorities including but not limited to International Financial Services Center Limited (IFSC Ltd), Hong Kong Securities & Futures Commission Limited (SFC), Inland Revenue Department of Hong Kong Special Administrative Region (IRD) and/or any other relevant government departments.

    More details to check in Form CSR Part II

    The company itself should fill CSR Part II. It’s mandatory for all companies and can only be filled out after an eligible applicant has been selected under CSR Part I.

    The CSR Part II needs to be submitted in digital format and within 6 months from the end of the financial year in which they were approved as eligible applicants.

    Inviting the Quotes (Form CSR Part III)

    If you want to invite quotes, then you have to fill out Form CSR Part III. You can upload information about your project, analytical reports on the areas where it is implemented and details of NGO partners.

    You can also use Form CSR Part IV to provide information on the infrastructure that you have built in the area.

    Download the completed CSR form after submission

    After submission, the CSR will be available for download. It can be accessed by accessing the “Download CSR” link on the website. 

    If you use one of our provided templates, your CSR will be available in a PDF format. If you submitted an original document, it would be available as a Word document that has been converted into PDF format.

    You can upload information about your project, analytical reports on the areas where it is implemented and details of NGO partners.

    You can upload information about your project, analytical reports on the areas where it is implemented and details of NGO partners.

    In addition, you can read reports from other participants in the CSR Exchange Portal that help assess their activities’ social impact.

    Provisions for CSR in India

    The provisions for CSR in India are as follows:

    • CSR is a corporate responsibility and is mandatory. Companies must spend at least 2% of their average net profits during the three preceding financial years.
    • CSR is a way to give back to society, improve the quality of life of people in need, and protect the environment. For instance, companies can help build low-cost housing facilities for slum dwellers or create learning centres for children who do not have access to education facilities in their neighbourhoods.

    CSR is also a way for companies to improve their image and increase customer brand loyalty. 

    It helps create a favourable perception of the company, which can be beneficial for its business operations. 

    For example, suppose a company provides school uniforms to children from underprivileged families. 

    In that case, its consumers will see that as an act of kindness and may feel more inclined to purchase products from the same brand in the future.

    Final Thoughts

    CSR is a must for every company. Giving back to the society that helps you run your business is essential, and it makes society a better place to live.

    A good CSR program will help create a better work environment for employees and develop a positive image for the company in general.

    CSR has been there from day one of our company’s inception. We are doing our best to ensure that our employees are happy and satisfied with their jobs, which ultimately leads them to perform their best at work each day. We want them to be proud of being part of this organization!

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