CSR ADVISORY SERVICES IN FIROZABAD

Are you looking for CSR advisory services in Firozabad. Then you are at the right Place. We offer CSR Advisory Services including Budgeting, Allocation of funds and Complete CSR Project implementation and impact assessment.

Legal Framework of CSR (Corporate Social Responsibility)

CSR (Corporate Social Responsibility) is governed by Section 135 of the Companies Act, 2013 and Companies (Corporate Social Responsibility) Rules, 2014 and Schedule VII of the Companies Act, 2013.

OBJECTIVE OF CSR

CSR objective is to ensure Company must fulfill its responsibilities towards society at large by consistently working for those who amongst us are not blessed with the amenities we often take for granted.

Driven by the core purpose, CSR vision is to focus efforts designed in the domains of education, health, sports, environment and rural development.

Though CSR activities, Company aims to bring educational change by building skills and enabling access to knowledge.

Improve quality of rural education by providing access to better educational infrastructure including digital tools, library, and financial support.

Nurturing Girl Child with education, environment sustainability through scaling up tree plantation and contribution towards health care are within the parameters of CSR activities of the Company.

CSR POLICY

Every Company governed by the CSR Provisions and Rules need to frame CSR Policy.

CSR Policy means the Vision and Mission that will be carried throughout the year for CSR projects and activities

CSR BUDGET

As per Section 135 of the Companies Act, 2013, every Company need to allocate at least 2% of the average net profits of the last three financial years for CSR activities and funds will be utilized exclusively for CSR activities as prescribed under Schedule VII of the Companies Act, 2013.

If for some reasons amount indicated above is not spent in that Financial Year, the reasons thereof will be outlined and in case the project is not an on going project then transfer such unspent to funds as per Schedule VII within a period of six months of the expiry of the Financial Year and in case the project is an ongoing project then transfer to an Unspent CSR account within a period of 30 days from the end of Financial Year and complete the ongoing project within 3 years.

If company spent excess amount during the financial year then such excess amount will be set off up to immediate succeeding three financial years.

AREAS ON WHICH CSR PROJECTS CAN BE UNDERTAKEN

1. EDUCATION
2. ENVIRONMENT
3. HEALTH
4. RURAL PROJECTS
5. SKILL DEVELOPMENT

CSR COMITTEE

Every company need to form CSR committee in accordance with section 135 of the Companies Act, 2013 read with Rule 5 of Companies (CSR Policy) Rules, 2014 and it should be composed of at least 2 Board of directors .

RESPONSIBILITIES OF CSR COMMITTEE

The CSR Committee, constituted as per Section 135 of the Companies Act, 2013, will be responsible for:

1. Policy Formulation: Formulating and recommending the CSR Policy to the Board of Directors for approval.
2. Implementation: Overseeing the implementation of the CSR initiatives and ensuring alignment with the focus areas.
3. Monitoring and Evaluation: Regularly monitoring the progress and impact of CSR activities. Evaluating the effectiveness of CSR initiatives and suggesting improvements.
4. Reporting: Preparing an annual CSR report detailing the activities undertaken, budget utilization, and outcomes achieved and ensuring transparency and accountability in CSR activities.

CSR EXPENDITURE

a) Budget allocated will be exclusively used for CSR activities and in compliance with the requirements of Section 135 of the Act and CSR Rules.
b) Administrative overheads shall not exceed five percent of total CSR expenditure of the company for the financial year.
d) Surplus arising out of CSR activities shall not form part of the business profits of the Company.
e) Any amount spends in excess of the requirement shall be set off in accordance of the Act and CSR Rules as amended from time to time.

we have undertaken multiple CSR Projects on behalf of various Companies and ready to advise you for the CSR projects as per the Budget and in accordance with the provisions of the Companies Act, 2013 and CSR Rules 2014 and Schedule VII of the Companies Act 2013

Example

1. Education: Education is the biggest sector where CSR Projects can be undertaken and activities can be executed. Many girls wants to study but they need funds or proper facilities and infrastructure. So we ensure to suggest such projects which enhances the chances of girls getting education and getting proper infrastructure
2. Environment: Including Plantation, Clean Drive, and many other such projects are suggested to allocate funds for the Environment
3. Health
4. Skill development and Training Courses

If you require any such services or advise on how to allocate funds in various projects