Question
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?Solution
CSR is mentioned in Section 135 of the CA 2013. The average net profit of preceding THREE years is used to calculate the CSR spend.
Which of the following statements are true about the role of SEBI in regulating the Social Stock Exchange?
    I. SEBI oversees the regis...
A person to whom financial debt has been legally assigned or transferred to, shall be termed in the Insolvency and Bankruptcy Code (IBC) in India as?
What is the name of the electronic platform introduced by the National Stock Exchange of India (NSE) for trading in debt securities?
What is the role of financial centers in the global economy?
Â
RBI Retail Direct Scheme provides Retail investors the facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI. It wa...
How does the purchase of a new machinery to expand production capacity affect the working capital of a company ABC Limited?
Which city ranked 350th in the 2024 Oxford Economics Global Cities Index?
In India, who is responsible for conducting auctions of Treasury Bills (T-Bills) on behalf of the Government of India?
When shares are forfeited due to non-payment of call money, the amounts previously paid by the shareholder are credited to the Share Forfeiture Account....
Which of the following schemes facilitates the easy availability of credit to exporters while also reducing risks associated with exports?
