Webthe Companies Act, 2013 in 2014. Under the Companies Act, businesses can invest their profits in areas such as. promoting rural development in terms of healthcare, sanitation, education including skill development, environmental sustainability, etc. Question No. 4. As per the CSR provisions under Companies Act, a CSR committee is to be ... WebSep 23, 2024 · The concept of Corporate Social Responsibility was introduced in India within legal framework by the Companies Act, 2013. Applicability As per section 135(1) …
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WebSubject: - Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR) -reg. Madam/Sir(s), The broad framework of CSR has been provided in Section 135 of … WebAs per the CSR provisions of the Companies Act 2013, NTPC Board has approved to allocate 2 percent of their average net profits made in the preceding three years on CSR for Corporate Social Responsibility (CSR) and Sustainable Development (SD) activities. The Corporate Social Responsibility and Sustainability Committee approves/recommends … dhk hobby 60amp speed controller
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WebMay 22, 2024 · Corporate Social Responsibility (CSR) is nowhere defined in Companies Act, 2013, but as per Rule 2(1) (d) of the CSR Rules “Corporate Social Responsibility” means the activities undertaken by a Company in pursuance of its statutory obligation laid down in section 135 of the Act in accordance with the provisions contained in these … http://gcsra.org/writereaddata/images/pdf/ICAI-FAQs-on-Section-135-of-Companies-Act-2013.pdf WebJul 24, 2024 · On April 1, 2014, India became the first country to legally mandate corporate social responsibility. The rules in Section 135 of India’s Companies Act make it mandatory for companies of a certain turnover and profitability to spend 2% of their average net profit for the past three years on CSR. On 29th August 2013, The Companies Act … cigna relationship counselors in my area