https://www.taxtmi.com/article/detailed?id=5689 Statutory CSR obligations require companies exceeding prescribed financial thresholds to constitute a CSR Committee, approve and implement a CSR policy, and expend the prescribed share of average net profits on specified activities. The CSR Committee must recommend the policy and expenditure and monitor programmes. Net profit for CSR is computed under the Companies Act. Companies must disclose CSR committee composition, policy content, average net profit, responsibility statements and reasons for shortfall, and report CSR expenditure in financial statement notes. en-us Fri, 27 Jun 2014 10:25:08 +0530 Fri, 27 Jun 2014 10:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5689 Statutory CSR obligations require companies exceeding prescribed financial thresholds to constitute a CSR Committee, approve and implement a CSR policy, and expend the prescribed share of average net profits on specified activities. The CSR Committee must recommend the policy and expenditure and monitor programmes. Net profit for CSR is computed under the Companies Act. Companies must disclose CSR committee composition, policy content, average net profit, responsibility statements and reasons for shortfall, and report CSR expenditure in financial statement notes. Articles Corporate Laws / IBC / SEBI Fri, 27 Jun 2014 10:25:08 +0530 https://www.taxtmi.com/article/detailed?id=5689