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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

Three or more directors, Explanation: 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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