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CS Professional · CSR and Social Governance · CSR Projects and Implementation Agency

Kaveri Power Ltd. had a CSR obligation of Rs 3 crore for FY 2025-26. It spent Rs 2 crore, and the remaining Rs 1 crore relates to an ongoing project it had undertaken in line with its action plan. What must the Board ensure regarding the unspent Rs 1 crore?

The unspent Rs 1 crore must be transferred to the Unspent CSR Account within 30 days from the end of the financial year. It must then be spent on the ongoing project within three financial years, failing which it goes to a Schedule VII fund.

  1. ATransfer it to the Unspent CSR Account within 30 days from the end of the financial yearCorrect
  2. BCarry it forward in the books without any transfer for three years
  3. CTransfer it to a Schedule VII fund within six months of the end of the financial year
  4. DPay it to the implementing agency in cash at once to avoid a shortfall

Explanation

For an ongoing project, the unspent amount must be moved to a special Unspent CSR Account within 30 days from the end of the financial year and spent within three financial years. The six-month transfer to a Schedule VII fund applies to unspent amounts not relating to ongoing projects.

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