Question
Which section of the Companies Act 2013 deals with the
provisions of Corporate Social Responsibility?Solution
The CSR provisions are covered under Section 135 聽and聽 Schedule VII 聽of the Companies Act, 2013.聽 As per the provisions of this section, a Company having Net worth of 路聽聽聽聽聽聽聽聽 Rs.500 crore or more, or 路聽聽聽聽聽聽聽聽 Turnover of Rs.1000 crore or more or 路聽聽聽聽聽聽聽聽 net profit of Rs.5 crore or more in previous financial year, should: 路聽聽聽聽聽聽聽聽 Constitute a CSR Committee (consisting of 3 or more directors of which at least 1 is independent director) and 路聽聽聽聽聽聽聽聽 spend at least 2%聽of the average net profits of three immediately preceding years on CSR activities (companies聽which spend any amount in excess 聽of their CSR obligation in a financial year can聽set off the excess amount towards their CSR 聽obligations in subsequent financial years).
Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is_____.
Calculate the asset turnover from the above information.聽
What is the purpose of PNB MetLife's newly launched Genius plan?
聽 The limit to which a firm or company can withdraw from the sanctioned working capital limit is called:
What was the increase in the insurance density in India in FY24 as per economic survey 2023-24?
Which is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time?
Which of the following system enabling the citizens of the country to utilize any ATM of a connected bank?
Which of the following best describes the concept of arbitrage in finance?
Calculate the net profit margin based on above information?
What is limited recourse financing?
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