Karthik Raghavan
asked
Is the 'Net profit' of 5 crores or more contemplated by section 135(1) of Cos Act, 2013 for determining CSR eligibility to be computed as per section 198 - or is it the normal net profit figure from the financial statements?
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veeru
answered
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 shall constitute a Corporate Social Responsibility Committee of the
Board consisting of three or more directors
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samkit kothari
answered
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 shall constitute a Corporate Social Responsibility Committee of the
Board consisting of three or more directors, out of which at least one director shall be an independent director.
