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State-specific compliance

CSR Annual Action Plan & Form CSR-2 in Goa

How CSR Annual Action Plan & Form CSR-2 applies to a business operating in Goa, with state-specific authority, citations and current deadlines.

Definition

CSR Annual Action Plan & Form CSR-2 as it applies to businesses operating in Goa. Companies with net worth Rs 500 cr / turnover Rs 1,000 cr / net profit Rs 5 cr (in any of preceding three FYs) must spend 2% of average net profit on CSR, constitute a CSR Committee, and file Form CSR-2 annually.

What it means in practice

CSR Annual Action Plan & Form CSR-2 is a central regulation that applies uniformly across India, including Goa. In Goa, the day-to-day administering authority and the office where filings are submitted will be Ministry of Corporate Affairs (MCA).

Unspent CSR (other than ongoing projects) must be transferred to Schedule VII fund within 6 months; ongoing project unspent goes to Unspent CSR Account.

Does CSR Annual Action Plan & Form CSR-2 apply to your business in Goa?

FacetConditionApplies
State coverageCentral regulation — applies in all states/UTsYes
Sector coverageApplies across all sectorsDepends
Turnover thresholdAggregate turnover ≥ Rs 1000.00 croreDepends
Entity typeEntities of type: pvt_ltd, ltdDepends

Deadlines and penalty

Cadence: annual — next action: 2026-09-30

Penalty for default: Default: penalty twice the unspent amount or Rs 1 crore (whichever less); officers Rs 2 lakh-Rs 5 lakh per default under Sec 135(7).

Citations