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    Question

    Section 135 requires companies meeting thresholds to

    “constitute a CSR Committee.” Consider: (1) Minimum of 3 directors required. (2) At least 1 independent director must be included. (3) Unspent CSR for ongoing project transferred to Unspent CSR Account. (4) CSR policy must be disclosed on website.
    A 1, 2 Correct Answer Incorrect Answer
    B 2, 3, 4 Correct Answer Incorrect Answer
    C 1, 2, 3 Correct Answer Incorrect Answer
    D 3 and 4 Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Private companies meeting threshold may have only 2 directors if no independent director is required (1 not universally correct).

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