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प्रश्न
Study the following case/situation and express your opinion.
Auto Parts Ltd. is renowned company situated in Chakradharpur, Jharkhand. This company is leading manufacturer of auto parts and also exports to some countries around the world. This company has net worth of Rs.600 Cr. and earned average net profit of Rs.1.20 Cr in last 3 financial years. The company has formed committee of directors to look after the CSR activities of the company.
- Provision of which section is applicable in case company follows CSR activities?
- How much amount company needs to spend on CSR activities?
- How many directors are required to constitute CSR committee?
उत्तर
- In case company follows CSR activities, Section 135 of the Companies Act, 2013 is applicable.
- The company needs to spend at least 2% of the average net profits made during the three immediately preceding financial years on CSR activities. Therefore, in this case, it needs to spend ` 2,40,000 on CSR.
- Four directors are required to constitute CSR committee
संबंधित प्रश्न
State any four CSR activities.
Under CSR, the company would spent not less than 4% of the average net profits.
Explain the following term/concept.
Corporate Social Responsibility
Attempt the following.
Explain corporate social responsibility.
Define CSR.
State the scope of CSR.
Illustrate any five activities of CSR covered as per Section 135 of the Companies Act, 2013.
