Every company having · net worth of rupees five hundred crore or more, or · turnover of rupees one thousand crore or more or · a net profit of rupees five crore or more during any financial year If private Company fulfil the criteria given under section 135(1) then CSR will be applicable on that private limited company also. Thanks
YES. CSR is mandatory to private companies if it meets the requirement of section 135.
Hie Rohit Yes , If private Company fulfill the criteria given under section 135(1) then CSR will be applicable on that private limited company. **Section 135(1) of Company Act 2013 mandates the CSR expenditure for the following companies–** Every company having a) net worth of Rs.500 crore, b) turnover of Rs.1000 crore c) or net profit of Rs.5.00 crore . - Where net profit excludes income from overseas branch & divided distributed by company on which this section apply. - If any company on which CSR provisions were applicable cease to come in above criteria for consecutive three years , they are not required to follow the provision of CSR.
Dear Friend, as far as your query is concerned that Is CSR mandatory for private companies also? Let me informed that Yes, in terms of section 135, every company which meets the criteria of networth, turnover or net profits mentioned therein is required to constitute a CSR Committee of the Board and also comply with the other requirements of section 135. Hope answer was helpful to you Regards, Arjun Pratap Singh