New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Corporate Social Responsibility Committee of the

    Board shall consist of _______________, out of which at least one director shall be an independent director.
    A Three directors Correct Answer Incorrect Answer
    B Two or more directors Correct Answer Incorrect Answer
    C Three or more directors Correct Answer Incorrect Answer
    D Five or more directors Correct Answer Incorrect Answer
    E Twenty or more directors Correct Answer Incorrect Answer

    Solution

    Section 135. Corporate Social Responsibility: (1) 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 the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.

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