Companies with net worth of ₹500 crore or more, or turnover of ₹1000 crore or more, or net profit of ₹5 crore or more must spend at least 2% of average net profits on CSR activities including environmental sustainability.
Deadline: March 31, 2025 (Deadline has passed)
Mandatory 2% CSR spending on environmental activities
Board-level CSR committee formation required
Annual CSR reporting and disclosure mandatory
Unspent CSR funds transfer to specified funds
Environmental sustainability projects eligible for CSR
This regulation has high impact on business operations and requires timely attention for compliance.
Companies with net worth ≥ ₹500 crore, turnover ≥ ₹1000 crore, or net profit ≥ ₹5 crore