Karthik Raghavan
asked over 3 years ago
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?
veeru
answered over 3 years ago
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
samkit kothari
answered over 3 years ago
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.
