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 and Schedule VII of the Companies Act, 2013. As per the provisions of this section, a Company having Net worth of · Rs.500 crore or more, or · Turnover of Rs.1000 crore or more or · net profit of Rs.5 crore or more in previous financial year, should: · Constitute a CSR Committee (consisting of 3 or more directors of which at least 1 is independent director) and · spend at least 2% of the average net profits of three immediately preceding years on CSR activities (companies which spend any amount in excess of their CSR obligation in a financial year can set off the excess amount towards their CSR obligations in subsequent financial years).
A bag contains notes of Rs.10, Rs.20, and Rs.50 in the ratio of 1:3:5. If the total value of money in the bag is Rs.1920, find the number of Rs.20 notes.
If A:B:C = 3:5:7, then find the ratio of (A + 2C) : (4B − C)
The sides of a right-angled triangle are in the ratio 12:13:5. If the total perimeter of the triangle is 120 cm, determine its area.
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A woman distributed her savings between her daughters A, B, C and D in the ratio 6 : 7 : 9 : 16. If A gives Rs. 600 from his share to C, the ratio of sh...
The ratio of the monthly expenditure to monthly income is 4:5. If the salary increased by Rs. 4550 such that ratio of old saving and new saving is 2:3, ...
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How should the total amount be divided among individuals Mohit, Neeti, Ojesh, and Puneet in the respective proportions of 4:5:7:6, if Ojesh receives Rs....