Business Studies, asked by sakshicreates20, 14 days ago

Atul was with the view that they do not fall under the category of compulsory adherence of CSR protocol (spending part of profit on CSR) laid by companies Act 2013​

Answers

Answered by ASH21OBROY
0

Answer:

where is the question but?????

Answered by krishtiwari2011070
0

Answer:

Hope You Want The Below One

Explanation:

Holding or subsidiary of a company does not have to comply with section 135(1) unless the holding or subsidiary itself fulfills the criteria. Whether provisions of CSR are applicable on Section 8 Company, if it fulfills the criteria of section 135(1) of the Act.

Section 135 (5) The Board of every company

referred to in sub-section (1), shall

ensure that the company spends, in

every financial year, at least two per

cent of the average net profits of the

company made during the three

immediately preceding financial

years, in pursuance of its Corporate

Social Responsibility Policy:

1

st Proviso to

Section 135 (5)

Provided that the company shall give

preference to the local area and areas

around it where it operates, for

spending the amount earmarked for

Corporate Social Responsibility

activities:

2

nd Proviso to

Section 135 (5)

Provided further that, if the company

fails to spend such amount, the

Board shall, in its report made under

clause (o) of sub-section (3) of section

134, specify the reasons for not

spending the amount.

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