ROHIT SINGH
asked over 3 years ago
CA Sandeep Bohra
answered over 3 years ago
Every company which meets thecriteria specified under sub-section (1) of section 135 is required to complythe same from April 01, 2014. Companies have to spend the amount on CSR activities as required by section 135 during the F.Y. 2014-15 and Reporting of the same would be in 2015 Board’s Report or otherwise state the justification for the same in Board Report.
CA Sandeep Bohra
answered over 3 years ago
Every company which meets the criteria specified under sub-section (1) of section 135 is required to comply the same from April 01, 2014. Companies have to spend the amount on CSR activities as required under section 135 during the F.Y. 2014-15 and Reporting of the same would be done in 2015 Board’s Report.
Aarti Vadnerkar
answered over 3 years ago
Since section 135 relating to Corporate Social Responsibility and schedule VII has become effective from April 01, 2014, every company which meets the criteria specified under sub-section (1) of section 135 is required to comply the same from April 01, 2014. Companies have to spend the amount on CSR activities as required by section 135 during the F.Y. 2014-15 and Reporting of the same would be in 2015 Board’s Report or otherwise state the justification for the same in Board Report. Accordingly, amongst other things, the constitution of CSR Committee, preparation of CSR Policy, the spending of amount on CSR activities needs to be during the financial year 2014-15.
Archana
answered over 3 years ago
Hie Rohit, - The constitution of CSR Committee, preparation of CSR Policy, the spending of amount on CSR activities needs to be during the **financial year 2014-15.**
ARJUN PRATAP SINGH
answered over 3 years ago
Dear Friend, as far as your query is concerned that From which Financial Year does the CSR expenditure & reporting begin ? Let me informed that Since section 135 relating to Corporate Social Responsibility and schedule VII have become effective from April 01, 2014, every company which meets the criteria specified under sub-section (1) of section 135 is required to comply the same from April 01, 2014. Companies have to spend the amount on CSR activities as required under section 135 during the F.Y. 2014-15 and Reporting of the same would be done in 2015 Board’s Report. Accordingly, amongst other things, the constitution of CSR Committee, preparation of CSR Policy, the spending of amount on CSR activities needs to be done during the financial year 2014-15. Hope answer was helpful to you Regards, Arjun Pratap Singh
