BENEFITS OF REGISTRATION
CSR-1 filing is a mandatory compliance requirement for NGOs in India under the Foreign Contribution Regulation Act (FCRA). It is an annual return that NGOs must submit to the Ministry of Home Affairs to report on the receipt and usage of foreign funds. The benefits of CSR-1 filing include maintaining transparency and accountability, ensuring compliance with FCRA regulations, and demonstrating a commitment to ethical and responsible practices. By filing CSR-1, NGOs can maintain their legal status, avoid penalties or legal action, and build public trust. Additionally, the filing can help NGOs track their progress against their goals and objectives.
To file CSR-1 in India, NGOs must follow these steps:
| 1. Visit the Ministry of Corporate Affairs website and create an account. |
| 2. Log in to the account and navigate to the E-forms section. |
| 3. Download the CSR-1 form and fill it out with the required information, including the NGO's name, registration number, and details of CSR activities undertaken. |
| 4. Attach the necessary documents, including the board resolution, CSR policy, and annual report. |
| 5. Submit the form and pay the required fee. |
| 6. After submission, the NGO will receive an acknowledgement containing the SRN number. |
| 7. The CSR-1 form will be processed by the Ministry of Corporate Affairs, and the NGO will receive an approval or rejection based on their compliance with regulations. |
| 8. If approved, the NGO must ensure that the CSR activities are carried out as per the approved plan and report on them in their annual report. |
| |
| It is important for NGOs to maintain transparency and accountability in their CSR activities to ensure ongoing compliance and maintain their legal status. |
TRADEMARK
