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Question
Under CSR, the company would spent not less than 4% of the average net profits.
Options
True
False
Solution
Under CSR, the company would spent not less than 4% of the average net profits. - False
RELATED QUESTIONS
State any four CSR activities.
Explain the following term/concept.
Corporate Social Responsibility
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?
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.
