Corporate Social Responsibility (CSR): Corporate social responsibility refers to the initiative and contribution of an enterprise towards the economic, environmental and social welfare of the general community. In this article, we look at some of the major aspects of CSR committees and its Meetings
Constitutions of CSR Committee
Companies to which section 135 of Companies Act, 2013 is applicable, are required to constitute a CSR Committee to undertake and monitor CSR activities.
APPLICABILITY OF SECTION 135
Where As per Section 135(1) of Companies Act, 2013
Every company having: (i) Net worth of rupees five hundred crore or more, or (ii) Turnover of rupees one thousand crore or more, or (iii) Net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board