https://www.taxtmi.com/circulars?id=57050 Section 135(5) of the Companies Act, 2013 mandates that companies give preference to the local area and areas around it where it operates when allocating funds for Corporate Social Responsibility activities; the Ministry of Corporate Affairs has reiterated that this proviso must be followed in letter and spirit as a compliance requirement. en-us Mon, 28 May 2018 00:00:00 +0530 Tue, 29 May 2018 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57050 Section 135(5) of the Companies Act, 2013 mandates that companies give preference to the local area and areas around it where it operates when allocating funds for Corporate Social Responsibility activities; the Ministry of Corporate Affairs has reiterated that this proviso must be followed in letter and spirit as a compliance requirement. Circulars Companies Law Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57050