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Annual Corporate Social Responsibility Expenditure by Companies Surpasses Rs 1.44 Lakh Crore

Indian Community Editorial TeamBy Indian Community Editorial TeamFebruary 10, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
Annual Corporate Social Responsibility Expenditure by Companies Surpasses Rs 1.44 Lakh Crore
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Annual filings by companies for Corporate Social Responsibility (CSR) expenditure have exceeded Rs 1,44,159 crore over five fiscal years from 2019-20 to 2023-24, as per government data. Minister of State for Corporate Affairs, Harsh Malhotra, mentioned that all details regarding CSR spending, including state-wise, year-wise, company-wise, and project-wise data, are publicly accessible through the MCA21 registry. He emphasized that CSR activities are driven by the company’s board, which is responsible for planning, executing, and monitoring such initiatives.

Rule 8 of the Companies (CSR Policy) Rules, 2014 mandates that companies with an average CSR obligation of Rs 10 crore or more in the preceding three financial years must conduct impact assessments, through independent agencies, for CSR projects with outlays exceeding Rs one crore and completed at least a year before the assessment. The period from 2021 to 2025 witnessed approximately 3.84 crore filings via MCA21, with 3.33 crore filings approved through the Straight Through Process, while 40.8 lakh filings were sanctioned by the Registrar of Companies and Regional Directors, and 8.3 lakh forms were rejected by concerned officers.

The launch of MCA21 Version-3 (MCA21 V3) aims to enhance Ease of Doing Business, ensure compliance, and boost transparency, according to the minister. Various features such as Web filings, LLP Module, Company module, e-Enforcement, e-Adjudication, e-Consultation, and e-Book Learning Management System have been integrated into MCA21 V3. Additionally, a help desk has been set up to handle grievances related to the MCA21 portal, with 98% of the 3,16,877 help desk tickets raised up to January 31, 2026, successfully resolved. These tickets encompassed technical issues, awareness problems, processing-related requests, and stakeholder feedback, reflecting the high transaction volume of the MCA21 system.

Companies Corporate Affairs Corporate Social Responsibility CSR Ease of Doing Business Harsh Malhotra Impact Assessment MCA21 Registrar of Companies Version-3
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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