APPLICABILITY OF CSR- ONLY PROFITS SHOULD BE CRITERIA TO AVOID UN-NECESSARY FORMALITIES.

APPLICABILITY OF CSR- ONLY PROFITS SHOULD BE CRITERIA TO AVOID UN-NECESSARY FORMALITIES. https://www.taxtmi.com/article/detailed?id=9316 Section 135 establishes alternative thresholds-net worth, turnover or net profit-for constituting a CSR Committee, while CSR spending is mandated as a percentage of average net profits; therefore, CSR obligations in practice arise only when sufficient profits exist, making committee constitution and related formalities superfluous for companies without requisite profits and prompting a recommendation to align applicability and raise the profit threshold. en-us Wed, 01 Jul 2020 07:52:12 +0530 Wed, 01 Jul 2020 07:52:12 +0530 TaxTMI RSS Generator APPLICABILITY OF CSR- ONLY PROFITS SHOULD BE CRITERIA TO AVOID UN-NECESSARY FORMALITIES. https://www.taxtmi.com/article/detailed?id=9316 Section 135 establishes alternative thresholds-net worth, turnover or net profit-for constituting a CSR Committee, while CSR spending is mandated as a percentage of average net profits; therefore, CSR obligations in practice arise only when sufficient profits exist, making committee constitution and related formalities superfluous for companies without requisite profits and prompting a recommendation to align applicability and raise the profit threshold. Articles Corporate Laws / IBC / SEBI Wed, 01 Jul 2020 07:52:12 +0530 https://www.taxtmi.com/article/detailed?id=9316