https://www.taxtmi.com/acts?id=15570 Companies meeting specified financial thresholds must constitute a Corporate Social Responsibility Committee of at least three directors including an independent director. The Committee must formulate and recommend a CSR Policy (referring to Schedule VII activities), recommend expenditure, and monitor the Policy. The Board must approve, disclose and implement the Policy and endeavour to allocate annual expenditure from average net profits of the preceding three years, stating reasons in its report if the prescribed amount is not spent. en-us Wed, 21 Dec 2011 12:43:57 +0530 Wed, 21 Dec 2011 12:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15570 Companies meeting specified financial thresholds must constitute a Corporate Social Responsibility Committee of at least three directors including an independent director. The Committee must formulate and recommend a CSR Policy (referring to Schedule VII activities), recommend expenditure, and monitor the Policy. The Board must approve, disclose and implement the Policy and endeavour to allocate annual expenditure from average net profits of the preceding three years, stating reasons in its report if the prescribed amount is not spent. Act-Rules Bills Wed, 21 Dec 2011 12:43:57 +0530 https://www.taxtmi.com/acts?id=15570