Which section of the Companies Act, 2013 sets out Corporate Social Responsibility obligations for qualifying companies?
Question and options
Which section of the Companies Act, 2013 sets out Corporate Social Responsibility obligations for qualifying companies?
Section 154
Section 135
Section 134
Section 153
Answer and explanation
Correct answer: B - Section 135
Section 135 of the Companies Act, 2013 imposes Corporate Social Responsibility obligations on companies meeting its net-worth, turnover or net-profit thresholds, and Schedule VII lists the permitted activities. Section 134 deals with the board's report, which must disclose the CSR policy, while sections 153 and 154 deal with the Director Identification Number.
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