The provisions related to CSR are given under which section of the Companies Act 2013?

The CSR provisions are covered under the  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)