New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Schedule VII of the Companies Act lays down provisions

    relating to ____________
    A Infrastructure Projects Correct Answer Incorrect Answer
    B Memorandum and Articles Correct Answer Incorrect Answer
    C Corporate Social Responsibility Correct Answer Incorrect Answer
    D Code for Independent Directors Correct Answer Incorrect Answer

    Solution

    Section 135 Corporate Social Responsibility- (3) The Corporate Social Responsibility Committee shall- (a) formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII in areas or subject, specified in Schedule VII; Schedules under Companies Act 2013- 1. Schedule I: Memorandum and Articles (Section 4 and 5), 2. Schedule II: Depreciation (Section 123), 3. Schedule III: Balance Sheet and Statement of Profit & Loss (Section 129), 4. Schedule IV: Code for Independent Directors (Section 149(8)), 5. Schedule V: Appointment of managing director, whole-time director or manager (Section 196 and 197), 6. Schedule VI: Infrastructure Projects (Section 55 and 186), 7. Schedule VII: Corporate Social Responsibility (Section 135).

    Practice Next