Question
As per Companies Act a company with what minimum
networth will have to comply with CSR provisions? Read the following passage and answer the next 4 question The Companies Act 2013 had introduced several new provisions which changed the face of Indian corporate business. One of such new provisions was the Corporate Social Responsibility (CSR). The concept of CSR rests on the ideology of give and take. Companies take resources in the form of raw materials, human resources etc. from the society. By performing the task of CSR activities, the companies are giving something back to the society.聽 CSR is the integration of socially beneficial programs and practices into a corporation's business model and culture. India is one of the first countries in the world to make CSR mandatory for companies following an amendment to the Companies Act, 2013 in 2014. Under the Companies Act, businesses can invest their profits in areas such as promoting rural development in terms of healthcare, sanitation, education including skill development, environmental sustainability, etc.Solution
As per the provisions of this section, a Company having 路聽聽聽聽聽聽聽聽 Net worth of Rs.500 crore or more, or 路聽聽聽聽聽聽聽聽 Turnover of Rs.1000 crore or more or 路聽聽聽聽聽聽聽聽 net profit of Rs.5 crore or more in previous financial year, should: 路聽聽聽聽聽聽聽聽 Constitute a CSR Committee (consisting of 3 or more directors of which at least 1 is independent director) and 路聽聽聽聽聽聽聽聽 spend at least 2%聽of the average net profits of three immediately preceding years on CSR activities (companies聽which spend any amount in excess 聽of their CSR obligation in a financial year can聽set off the excess amount towards their CSR 聽obligations in subsequent financial years) 聽
Instrument used to measure direct solar radiation?
Physical condition of soil resulted due to tillage is
The process where two crystals that are in a point of contact, join together into one crystal is called as .....................recrystallization.聽
Which of the following can be used as foliar spray?
Given below are two statements:
Statement I :
Waterlogging causes injury to crops due to low oxygen content and accumulation of hydrocar...
Which of the following is a factor that affects the storage stability of food?
Which of the following statement is true about micronutrients
Total depth of water (cm) required by a crop during its duration in the field is known as:
The chairman of the state variety release committee
Which country is often credited with the development of the art of bonsai?
