Discussion
The Corporate Social Responsibility Committee consists of :
Answer: B
The CSR Committee consists of three or more directors, of whom at least one should be an independent director.
Section 135(1) of the Companies Act, 2013 requires every company meeting the net worth, turnover or net profit thresholds to constitute a Corporate Social Responsibility Committee of the Board, consisting of three or more directors, out of which at least one director shall be an independent director.
The Act does not require four directors, nor that all members be independent. (Companies not required to appoint an independent director may have two directors, but option B states the general rule in the Act.)
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