As per sec 135 of companies act 2013 for eligibility criteria for corporate social responsibility CSR committee
1. net profit rupees 5 crore or more
2. turnover rupees 1000 crores or more
3. network 500 crores or more
they above anyone conditions are full filled by the company they are must from the CSR committee
am I correct or not
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 14 September 2022
Yes, you are correct, however check amended ments if any.
Chirag
(Professional)
(1979 Points)
Replied 16 September 2022
Just To add ,If your Total CSR contribution for the year is not exceeding 50 lacs then no need of separate CSR Committee !
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 17 September 2022
You are correct if your company is not in exemption list
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