Jun 30, 2026 Circulars & Notifications Attachment Link
Demystifying CSR Ongoing Projects and Related Compliance Requirements
As the CSR framework evolved, the focus gradually shifted from annual expenditure towards long-term social impact. Recognising that meaningful development initiatives often extend beyond a single financial year, the regulatory framework introduced the concept of Ongoing Projects via the Companies (CSR) Amendment Rules, 2021. This issue examines the legal framework governing such ongoing projects, along with the related compliance, governance and reporting requirements.
In this issue, you'll find insights on:
- The rationale behind introducing the concept of ongoing projects.
- What qualifies as an ongoing project.
- Commencement requirements and applicable timelines.
- Treatment of unspent CSR amounts and operation of the Unspent CSR Account.
- Roles and responsibilities of the Board and the CSR Committee.
- Implementation of ongoing projects through different modes.
- Reporting and disclosure requirements for ongoing projects.
- Consequences of non-compliance with the statutory requirements.
