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What is the applicability of Section 135 of the Companies Act, 2013?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

What is the applicability of Section 135 of the Companies Act, 2013? Section 135 is applicable to every company or not?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Section 135 explains about Corporate Social Responsibility: • Every company having a net worth of rupees 500 crore or more OR A turnover of rupees 1000 crore or more OR Net profit of rupees 5 crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of 3 or more directors. One director shall be an independent director. • The Board’s report u/s 134 shall disclose the composition of the Corporate Social Responsibiltiy Committee.

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