CSR-1 Filing

Corporate Social Responsibility (CSR) is a concept increasingly embraced by businesses worldwide, focusing on acknowledging their impact on society and the environment and taking initiatives to improve them.

In India, the CSR rules were introduced in 2013, making it mandatory for companies with a net worth of ₹500 crore or more, or a turnover of ₹1,000 crore or more, to allocate 2% of their average net profits from the previous three financial years to CSR activities. These regulations aim to encourage companies to actively contribute to the welfare of society and the environment.

There are various ways in which businesses can engage in CSR activities. Some common examples include:

1. Providing financial support to NGOs working on social or environmental projects.
2. Undertaking initiatives for environmental protection.
3. Implementing employee volunteering programs.
4. Organizing community development programs.