Features and Functionality FAQ's

  1. What key features does trackCSR 1.0 offer?

    Ans:

    trackCSR 1.0 offers a range of features, including:

    • CSR Primary Details management
    • CSR Annual Action Plan creation
    • CSR Fund Utilization tracking
    • Statutory Report generation (Annual CSR Activity Report, CSR-2 format)
    • Additional CSR Activities Report

  2. Can trackCSR 1.0 help in calculating the CSR spending obligation?

    Ans:

    Yes, trackCSR 1.0 assists in computing the CSR spending obligation, including the complex net profit calculations under Section 198 of the Companies Act, 2013.

  3. How does trackCSR 1.0 facilitate the creation of the Annual Action Plan?

    Ans:

    trackCSR 1.0 enables you to record the allocation of CSR expenditure to various projects, including details like project type, location, implementing agency, and monitoring mechanisms. It then helps generate the Annual Action Plan in the prescribed format.

  4. Can I track CSR project progress and fund utilization with trackCSR 1.0?

    Ans:

    Yes, trackCSR 1.0 allows you to monitor CSR project progress, track fund utilization, and manage budgets versus actual spending. It also facilitates the generation of periodic reports.

  5. Does trackCSR 1.0 generate the necessary statutory reports?

    Ans:

    Yes, trackCSR 1.0 can generate the Annual CSR Activity Report (for the Board Report) and a replica of the CSR-2 form for filing with the Ministry of Corporate Affairs (MCA).

  6. How does trackCSR 1.0 handle the internal sign-off of the Annual CSR Activity Report?

    Ans:

    trackCSR 1.0 facilitates the process of internal sign-off by enabling the CFO/Company Secretary/CSR Head to review and approve the Annual CSR Activity Report before it is presented to the CSR Committee and the Board. The platform provides a workflow for this, ensuring that the report has undergone the necessary verification before approval.

  7. Can trackCSR 1.0 generate a CFO Certificate?

    Ans:

    Yes, trackCSR 1.0 can generate the CFO Certificate as required for CSR reporting. The platform uses the data and information within the system to create this certificate, ensuring accuracy and compliance.

  8. What is the benefit of generating the CFO Certificate from trackCSR 1.0?

    Ans:

    By generating the CFO Certificate within trackCSR 1.0, organizations can:

    • Ensure accuracy and consistency of data.
    • Streamline the audit process.
    • Save time and reduce the risk of errors.
    • Maintain a centralized repository of all CSR-related documents.

  9. Does trackCSR 1.0 store the signed reports and certificates?

    Ans:

    Yes, trackCSR 1.0 provides a secure repository to store the signed Annual CSR Activity Reports, CFO Certificates, and other relevant documents. This ensures easy access and helps maintain an audit trail.

  10. How does trackCSR 1.0 help in audit trail?

    Ans:

    trackCSR 1.0 maintains a detailed record of all CSR activities, approvals, and modifications. This comprehensive audit trail helps organizations demonstrate compliance and provides transparency to stakeholders.

  11. Can trackCSR automate reporting for internal stakeholders and regulatory authorities (CSR-2)?

    Ans:

    Yes, trackCSR automates report generation in required formats, saving time and reducing errors.

  12. How does trackCSR help measure the impact of our CSR projects, beyond just tracking expenditure?

    Ans:

    trackCSR allows defining KPIs, capturing quantitative/qualitative data, and generating impact reports.

  13. How does trackCSR facilitate collaboration and information sharing with NGOs and implementation partners?

    Ans:

    trackCSR provides a centralized platform to manage partner relationships, share project information, track progress, manage agreements, and facilitate communication.

  14. Can trackCSR be customized to fit our company's specific CSR policy and reporting requirements?

    Ans:

    Yes, trackCSR is flexible and can be configured to align with specific CSR policies, reporting formats, and workflows.

  15. How does trackCSR help in ensuring that our CSR projects align with Schedule VII of the Companies Act?

    Ans:

    trackCSR has Schedule VII embedded, guiding project mapping to relevant activities and staying updated with amendments.

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