Question
As per the provisions for CSR given under Companies Act
2013, how much has to be spent on CSR by eligible entities? Refer to the following information to answer the next 4 questions (Q 11 to Q 14) 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. 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: · Net worth of Rs.500 crore or more, or · Turnover of Rs.1000 crore or more or · net profit of Rs.5 crore or more in previous financial year, should: · Constitute a CSR Committee (consisting of 3 or more directors of which at least 1 is independent director) and spend at least 2% of the average net profits of three immediately preceding years on CSR activities (companies which spend any amount in excess of their CSR obligation in a financial year can set off the excess amount towards their CSR obligations in subsequent financial years).
STATEMENT :
I Only few mangoes are oranges.
II Some oranges are banana
CONCLUSIONS:
I All mangoes be...
Statements:
All Subject are Topic
All Topic are Paragraph
No Subject are Content
Conclusion:
I. No Topic are Content<...
Conclusions:
A few platforms may be trains.
Some tickets being passenger is a possibility.
Statements:
Statements:
Some Rats are Cats.
Only a few Dogs are Camel.
Only a few Camels are Animals.
No Animal is Rat.
C...
Statements: Some reds are blues.
All blues are greens.
Some greens are n...
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Only a few Plate are Cup.
Some Cup are not spoon.
Some spoon are fork.
Conclusions:
I. All Cup are Plate....
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Among P, Q, R, S and T whose salary is the highest?
I. Combined salary of P and Q is more than the combined salary of R and S but T’s salar...
Statements:
90% English is Hindi
None of Hindi is Commerce
Only a few Commerce is Science
Conclusions:
I) Some C...
Three Statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varianc...
