Question
Consider the following statements with regard to the CSR committee:
Consider the following statements with regard to the CSR committee:
i. CSR is covered under Section 145 of the Companies Act 2013.
ii. 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.
iii. The Board of every company referred to (ii) shall ensure that the company spends, in every financial year, at least two per cent. of the average net profits of the company made during the five immediately preceding financial years
iv. The CSR committee shall formulate and recommend to the Board, a Corporate Social Responsibility Policy Which of the above statements are true?
More Corporate Governance and CSR Questions
- The "Deed of Covenant" must be executed by a director at the time of:
- A candidate for Chief technical Officer CTO has 15 years of IT experience, including 3 years at senior management level. Is the candidate eligible?
- The primary objective of these Reserve Bank of India (Commercial Banks - Governance) Directions, 2025 is to ensure:
- In order to ensure continuous regulatory oversight and adherence to the “fit and proper” criteria for directors, Non-Banking Financial Companies (NBFCs) ar...
- Is an elected director eligible for re-election after completing a term?
- For a Board meeting quorum, at least what proportion of attending directors must be Independent Directors?
- Which of the following is NOT one of the 7 broad reporting themes for the Board?
- Which of the following candidates is eligible for appointment as CFO of a PSB?
- Which committee must be composed entirely of Non-Executive Directors (NEDs)?
- While recommending a candidate for the post of Chief Vigilance Officer (CVO), a PSB should primarily ensure that the candidate:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
