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
- If a director's "Deed of Covenant" is breached, the Board must report it to:
- The Audit Committee Chair cannot be a member of any committee that:
- A person is a shareholder (without management control) in a leasing company. Can they be appointed as a director in a PSB?
- What is the minimum age for a person to be appointed as a director in a bank?
- If a bank is listed on a stock exchange, it must also comply with:
- A Chartered Accountant (CA) director on the board of a PSB must compulsorily:
- A 'Fit and Proper' declaration must be obtained from every director every year as of:
- Which committee must be composed entirely of Non-Executive Directors (NEDs)?
- Board Diversity ensures that the Board has members with expertise in:
- A person had previously served as a director on the Board of a Public Sector Bank (PSB) for a total period of six years. After a gap, the same individual s...
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
