Under section 135 of the Companies Act, 2013, as of 6 November 2026, which statement about CSR is not…
The turnover threshold for CSR applicability is Rs. 1,000 crore, rather than Rs. 800 crore. Section 135 of the Companies Act, 2013 also sets alternative thresholds of Rs.…
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Under section 135 of the Companies Act, 2013, as of 6 November 2026, which statement about CSR is not true? The applicability thresholds refer to the immediately preceding financial year. Assume the company has completed at least three financial years.
Answer and explanation
Correct answer A
The turnover threshold for CSR applicability is Rs. 1,000 crore, rather than Rs. 800 crore. Section 135 of the Companies Act, 2013 also sets alternative thresholds of Rs. 500 crore net worth or Rs. 5 crore net profit during the immediately preceding financial year. The spending requirement is at least 2% of average net profits over the three immediately preceding financial years for a company that has completed that period.
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Maharashtra and Goa SET (MH SET)