Question

Why csr is mandatory for corporate and what finacila threshold

Answer 1

Explanation:

India has gone further than any other country. In 2013, it enacted Section 135 of the Indian Companies Act prescribing a mandatory “CSR spend of 2% of average net profits … ... Despite the new law mandating a CSR spend of 2% of pre-tax profit for corporations of this size, only ICICI Bank met the target in 2014

Answer 2

Heya Mate

A debate has started on the subject of a mandatory 2 per cent of average net profit to be allocated towards corporate social responsibility.

Some say CSR should not be made compulsory. But actually, it should be mandatory for the first three to five years. Thereafter, the momentum will be self-sustaining.

#Sourav