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The CSR provisions are covered under the Section 135 and Schedule VII of the Companies Act, 2013. 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)
On 12th November every year we celebrate _______ day?
Which mineral is predominantly found in the Amarkantak plateau in Chhattisgarh?
Who has been recently appointed as the Vice President of AIIB(Asian Infrastructure Investment Bank)?
Which State in India was the largest sugarcane producer (2015-16)?
World Rabies Day is observed every year on which day?
Which state in India currently holds the highest literacy rate?
Where is the Indira Gandhi National Centre for the Arts (IGNCA) located?
‘Shamsher Khan’ who passed away recently, is associated with __________
Which state will host its first international martial arts game?
When is World Homeopathy Day celebrated annually?