Question

Which Indian authority is responsible for monitoring CSR compliance under the Companies Act, 2013?

• A. NITI Aayog
• B. Ministry of Finance
• C. Ministry of Corporate Affairs
• D. Securities and Exchange Board of India (SEBI)

Answer 1

Answer:

C. Ministry of Corporate Affairs

• The Ministry of Corporate Affairs (MCA) is the Indian authority responsible for monitoring Corporate Social Responsibility (CSR) compliance under the Companies Act, 2013.

• The legal framework for CSR is provided under Section 135 of the Companies Act, 2013, and the rules framed under it.

• The MCA mandates companies to file details of their CSR activities annually through a specific registry (MCA21), which serves as the primary mechanism for monitoring compliance.