UPPCS · ಪ್ರಶ್ನೆ 148
With reference to the Corporate Social Responsibility (CSR), which of the statements is/are correct? 1. Companies Act 2014, introduces mandatory CSR. 2. Companies covered under this will have to spend atleast one percent of their annual net-profit in the activities under CSR. Select the correct answer using the codes given below:
ಉತ್ತರ ತೋರಿಸು ಮತ್ತು ವಿವರಣೆ
ಉತ್ತರ: (D) Neither 1 nor 2
ವಿವರಣೆ
Neither is correct: mandatory CSR came with Section 135 of the Companies Act 2013 (not 2014; rules effective April 2014), and eligible companies must spend at least 2% (not 1%) of average net profit of the preceding three years.