https://www.taxtmi.com/article/detailed?id=13337 Section 135 mandates that companies meeting prescribed financial thresholds form a CSR Committee to draft and recommend a CSR policy aligned with Schedule VII activities, recommend expenditure, and monitor implementation. The Board must approve, disclose and ensure execution of the policy and ensure annual spending of the prescribed portion of average net profits, with specific rules for surplus utilisation, local-area preference, and disclosure in board reports and statutory filings; non-compliance attracts penalties and officer liability. en-us Thu, 16 Jan 2025 09:02:59 +0530 Fri, 17 Jan 2025 10:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13337 Section 135 mandates that companies meeting prescribed financial thresholds form a CSR Committee to draft and recommend a CSR policy aligned with Schedule VII activities, recommend expenditure, and monitor implementation. The Board must approve, disclose and ensure execution of the policy and ensure annual spending of the prescribed portion of average net profits, with specific rules for surplus utilisation, local-area preference, and disclosure in board reports and statutory filings; non-compliance attracts penalties and officer liability. Articles Corporate Laws / IBC / SEBI Thu, 16 Jan 2025 09:02:59 +0530 https://www.taxtmi.com/article/detailed?id=13337