CSR 2 Report
CSR 2 Report– Overview
While CSR-1 registration allows an NGO or non-profit to receive CSR funds, CSR-2 is the annual reporting form filed by companies that are required to spend on Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013. Every eligible company must file Form CSR-2 with the Ministry of Corporate Affairs (MCA) giving details of the CSR obligations, projects undertaken, funds allocated, and actual expenditure during the financial year.
Filing CSR-2 is not optional – it is a mandatory compliance. Non-filing or incorrect reporting can lead to penalties on the company as well as its officers. Cardiff Services helps corporates prepare and file their CSR-2 Report accurately, ensuring full compliance and transparent disclosure of CSR spending.
Why Choose Cardiff Services for CSR-2 Compliance
At Cardiff Services, we provide end-to-end support in CSR-2 report preparation and filing. Our team verifies financial data, compiles project-wise CSR expenditure, and ensures correct disclosure of implementing agencies and fund utilization. We handle the drafting, compliance review, and MCA filing to minimize errors and risks. With Cardiff Services managing your CSR-2 obligations, your company stays compliant with the Companies Act, maintains credibility with stakeholders, and avoids penalties for non-compliance.
Key Features of CSR-2 Report Filing
Mandatory Compliance: Companies covered under Section 135 must file CSR-2 annually.
Transparency in CSR Spend: Discloses how much of the mandated 2% profit has been spent and on which projects.
Filed with MCA: CSR-2 is submitted electronically on the MCA portal.
Covers Project Details: Includes implementing agency, sector, location, amount spent/unspent, and project outcomes.
Linked with CSR-1: Details of CSR-1 registered implementing agencies are reflected in the report.
Avoids Penalties: Accurate and timely filing prevents legal and monetary consequences.
Documents / Information Required for CSR-2 Filing
Company’s basic details (CIN, PAN, registered office, directors).
CSR Committee details (composition, meetings held).
Net profit calculations as per Section 198 of the Companies Act.
CSR obligation for the year (2% of average net profit for the past 3 years).
Details of CSR projects undertaken (name, implementing agency, sector, location, duration).
Amount allocated vs. amount spent, including carried forward or unspent funds.
Details of administrative overheads and surplus arising from CSR projects.
CSR policy copy (if updated).
Step-by-Step Procedure for CSR-2 Filing
Identify Applicability – Check if the company falls under Section 135 (based on net worth, turnover, or net profit).
Collect Data – Gather profit figures, CSR obligation, committee details, and project-wise expenditure.
Prepare CSR-2 Form – Draft details of CSR activities, implementing agencies, funds spent, and impact.
Digital Signature – Ensure DSC of a director or authorized signatory is active for filing.
File Form CSR-2 – Submit electronically on the MCA portal with all required disclosures.
Verification by MCA – MCA reviews the filing for completeness and accuracy.
Compliance Maintained – Filing confirmation ensures the company is compliant and avoids penalties.
Frequently Asked Questions
A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.
If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.
It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.
For a company name search in Cardiff, you may need:
Proposed company name
Business entity type (Ltd, LLP, Partnership, etc.)
Jurisdiction (Cardiff / UK)
Owner or shareholder details (if applicable)
Business description
A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.
Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms