https://www.taxtmi.com/news?id=4157 Clause 135 mandates specified companies to adopt a CSR policy and allocate at least 2% of the average net profits of the preceding three years to Schedule VII activities, and requires the Board's Report to disclose CSR spending and to state reasons where the prescribed amount is not spent, with non-disclosure attracting action under the Companies Bill's compliance provisions. en-us Fri, 30 Nov 2012 18:59:36 +0530 Fri, 30 Nov 2012 18:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4157 Clause 135 mandates specified companies to adopt a CSR policy and allocate at least 2% of the average net profits of the preceding three years to Schedule VII activities, and requires the Board's Report to disclose CSR spending and to state reasons where the prescribed amount is not spent, with non-disclosure attracting action under the Companies Bill's compliance provisions. News - Fri, 30 Nov 2012 18:59:36 +0530 https://www.taxtmi.com/news?id=4157