Corporate Social Responsibility (CSR) is no longer limited to philanthropy – it is a statutory obligation under the Companies Act, 2013 for eligible companies. Businesses are expected to not only meet legal CSR requirements but also ensure that their initiatives are structured, transparent, and aligned with governance standards.
At Wisely Legal, we provide end-to-end CSR Compliance & Advisory Services designed to help companies fulfil their CSR obligations while building legally compliant and socially impactful programmes.
CSR compliance requires legal structuring, governance oversight, and accurate reporting.
Building legally compliant and governance-driven CSR
frameworks
Structuring legally secure CSR projects and implementation partnerships
Managing CSR compliance, reporting, and regulatory filing obligations
Strengthening CSR accountability through monitoring and legal audit frameworks
We begin by calculating your mandatory spend requirements and aligning your corporate values with the legally eligible activities listed under Schedule VII.
Moving beyond generic templates, we draft a comprehensive CSR policy and project framework that ensures every rupee spent meets the scrutiny of the Ministry of Corporate Affairs (MCA).
Every NGO or partner undergoes a rigorous due diligence process—verifying CSR-1 registrations and financial transparency—to shield your firm from mismanaged funds or legal defaults.
We provide strategic advisory on fund utilization and facilitate mandatory impact assessments, ensuring your social initiatives are backed by verifiable and legally admissible data.
We guide you through the final steps of preparing the Annual Board Report and managing the "Unspent CSR Account" to ensure you remain fully compliant with zero risk of penalties.
Ensure your corporate giving is legally protected and strategically sound. Let us handle the complexities of CSR law while you focus on making a difference.
Companies with a Net Worth of ₹500 Cr+, Turnover of ₹1000 Cr+, or Net Profit of ₹5 Cr+ in the preceding financial year are required to spend 2% of their average net profits on CSR.
Yes. As per recent amendments, if a company spends more than the required 2%, the excess amount can be set off against the CSR requirement of succeeding financial years (subject to board approval).
The unspent amount must be transferred to a Fund specified in Schedule VII or an "Unspent CSR Account" within a specific timeframe (usually 30 days to 6 months depending on the project type). Failure to do so attracts significant penalties.
Only activities listed in Schedule VII of the Companies Act, such as education, healthcare, poverty alleviation, environmental sustainability, and rural development, qualify as CSR.
Yes, but it is capped at 5% of the total CSR expenditure for that financial year. We help you track these overheads to stay within the legal limit.
If your average CSR obligation in the 3 immediately preceding financial years is ₹10 Crore or more, you must conduct an independent impact assessment for projects with outlays of ₹1 Crore or more.
