<ul data-eligibleForWebStory="false"><li>The Corporate Affairs Ministry has introduced a new CSR-1 e-form for mandatory registration of entities conducting CSR activities for companies, effective from July 14.</li><li>Companies meeting certain financial criteria must spend 2% of the average net profits from the previous three years on CSR as per Section 135 of the Companies Act.</li><li>Entities such as charities, hospitals, and universities must now register using the new, clearer CSR-1 form before receiving CSR funds from companies.</li><li>The new form aims to enhance transparency, regulatory oversight, and governance in CSR spending and follows recommendations for a more comprehensive monitoring framework.</li></ul>

Mandatory registration for charities, hospitals, and universities

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