Under the Companies Act, 2013, any company having a net worth of rupees 500 crore or more or a turnover…

Under Section 135 of the Companies Act, 2013, every company with a net worth of rupees 500 crore or more, or turnover of rupees 1,000 crore or more, or net profit of rupees 5 crore or more during the immediately preceding financial year must constitute a CSR Committee and ensure that it spends in every financial year at least "2 percent" of its average net profits of the three immediately preceding financial years on CSR activities.