<h1>Companies Bill 2011 Clause 135: Allocate 2% of Profits to CSR or Explain in Board's Report. No Objections Reported.</h1> Clause 135 of the Companies Bill, 2011 mandates that specified companies allocate at least 2% of their average net profits from the last three years towards Corporate Social Responsibility (CSR) initiatives. If companies fail to meet this requirement, they must explain the reasons in their Board's Report. The provision was developed considering feedback from various stakeholders and was recommended by the Parliamentary Standing Committee on Finance. As of the announcement, no companies have expressed objections to this requirement, according to the Ministry of Corporate Affairs.