https://www.taxtmi.com/article/detailed?id=5573 The Companies Act, 2013 makes CSR mandatory from 1 April 2014: section 135(5) requires eligible companies to allocate an amount equal to a specified percentage of the average net profit of the three preceding financial years toward CSR activities. Applicability is based on turnover, net worth and net profit thresholds, and companies meeting those thresholds must constitute a board-level CSR Committee of directors (minimum three, including at least one independent director). The Committee must formulate and recommend a Board approved CSR policy, identify Schedule VII activities, recommend expenditure, and monitor activities and spending against the policy. en-us Wed, 16 Apr 2014 10:47:21 +0530 Wed, 16 Apr 2014 10:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5573 The Companies Act, 2013 makes CSR mandatory from 1 April 2014: section 135(5) requires eligible companies to allocate an amount equal to a specified percentage of the average net profit of the three preceding financial years toward CSR activities. Applicability is based on turnover, net worth and net profit thresholds, and companies meeting those thresholds must constitute a board-level CSR Committee of directors (minimum three, including at least one independent director). The Committee must formulate and recommend a Board approved CSR policy, identify Schedule VII activities, recommend expenditure, and monitor activities and spending against the policy. Articles Corporate Laws / IBC / SEBI Wed, 16 Apr 2014 10:47:21 +0530 https://www.taxtmi.com/article/detailed?id=5573