Onerous disclosures

New CSR reporting requirements raise tricky issues

The National Democratic Alliance (NDA) government appears to have significantly raised the levels of obligation for the corporate social responsibility (CSR) mandate, which came into force from 2014-15 for listed and unlisted companies of a certain size. From 2022, the government has mandated a new disclosure framework that requires a detailed level of reporting from FY21 within a prescribed format that needs to be submitted to the Registrar of Companies. The deadline for FY21 is end-March 2022, for which the framework was put in place this month. The expanded disclosure requirements demand an unprecedented level of granular detail. Companies qualifying