Discussion
Social responsibility committee to be established by a company under Section 135 of the Companies Act, 2013 if a company having :
Answer: A
The thresholds are net worth of Rs. 500 crore or more, or turnover of Rs. 1,000 crore or more, or net profit of Rs. 5 crore or more.
Section 135(1) of the Companies Act, 2013 requires a company that meets any one of these tests during the immediately preceding financial year to constitute a Corporate Social Responsibility Committee of the Board and to spend at least 2% of its average net profits on CSR.
The other options give invented lower figures for net worth, turnover and profit.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development