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Which of the following are functions of the Corporate Social Responsibility Committee under section 135(3) of the Companies Act, 2013? Formulating and recommending the CSR policy to the board…

Question and options

Which of the following are functions of the Corporate Social Responsibility Committee under section 135(3) of the Companies Act, 2013?

  1. Formulating and recommending the CSR policy to the board
  2. Approving the CSR policy of the company
  3. Recommending the amount of expenditure on CSR activities
  4. Monitoring the CSR policy from time to time

  1. 2, 3 and 4 only

  2. 1, 3 and 4 only

  3. 1, 2, 3 and 4

  4. 1 and 3 only

Answer and explanation

Correct answer: B - 1, 3 and 4 only

Section 135(3) of the Companies Act, 2013 makes the CSR Committee formulate and recommend the CSR policy, recommend the expenditure and monitor the policy from time to time. Approving the policy is the board's function under section 135(4), after considering the committee's recommendations.

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