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
- Any loan to a relative of a director must be approved by:
- In the Risk Management Committee (RMCB), what is the mandatory requirement for the majority of members?
- Which of the following candidates is eligible for appointment as CFO of a PSB?
- If a director's "Deed of Covenant" is breached, the Board must report it to:
- If a director is a Member of Parliament (MP) or Member of Legislative Assembly (MLA), they are:
- An NED sends instructions directly to a mid-level officer regarding operational matters. Which of the following is correct?
- "Related Party" for a bank includes:
- The Chair of the Board in a Private Sector Bank must be:
- What is the minimum age for a person to be appointed as a director in a bank?
- A Chartered Accountant (CA) director on the board of a PSB must compulsorily:
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
