The Provision for Corporate Social Responsibility (CSR)

Q: Answer-The Provision for Corporate Social Responsibility (CSR) is in:

Corporate Social Responsibility CSR is a norm under section 135 of Companies Act 2013. Under this a company beyond a prescribed size has to spend 2 of average annual profit of last three years in social developmental activities like health, education, skill training etc.

is in:

A Banking Regulation Act, 1949 Correct Answer Incorrect Answer

B Society Registration Act, 1860 Correct Answer Incorrect Answer

C Income Tax Act, 1961 Correct Answer Incorrect Answer

D Companies Act, 2013 Correct Answer Incorrect Answer

E Reserve Bank of India Act, 1934 Correct Answer Incorrect Answer

Solution

Corporate Social Responsibility (CSR) is a norm under section 135 of Companies Act 2013. Under this a company (beyond a prescribed size) has to spend 2% of average annual profit of last three years in social developmental activities like health, education, skill training etc.

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