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CS Professional · CSR and Social Governance · Contribution of Non-Corporate Entities in Social Governance

Jan Seva Trust, a registered NGO, wants to act as an implementation agency for a company's CSR project. Under the CSR Rules, which condition must the trust meet to be eligible to undertake such CSR activity on behalf of a company?

The trust must register with the Central Government by filing Form CSR-1 and obtain a unique CSR registration number. This is the CSR Rules condition for registered trusts, societies and Section 8 companies acting as implementing agencies; listing, subsidiary status or a net worth test is not required.

  1. AIt must be registered with the Central Government by filing Form CSR-1 and obtain a CSR registration numberCorrect
  2. BIt must be listed on a recognised stock exchange
  3. CIt must be a subsidiary of the funding company
  4. DIt must have a minimum net worth of Rs 500 crore

Explanation

Under the CSR Rules, an entity such as a Section 8 company, registered trust or registered society that implements CSR must register with the Central Government through Form CSR-1 and receive a CSR registration number. Listing, subsidiary status or a net worth threshold is not required.

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