Under Section 135(1) of the Companies Act, 2013, which financial criteria bring a company within the…
The thresholds are net worth of at least ₹500 crore, turnover of at least ₹1,000 crore, or net profit of at least ₹5 crore during the immediately preceding financial year.…
Choose your answer
Under Section 135(1) of the Companies Act, 2013, which financial criteria bring a company within the corporate social responsibility provisions?
Answer and explanation
Correct answer B
The thresholds are net worth of at least ₹500 crore, turnover of at least ₹1,000 crore, or net profit of at least ₹5 crore during the immediately preceding financial year. Section 135(1) requires any one of these thresholds to be met; separate statutory exceptions govern whether a CSR committee must be constituted and its composition.
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