WebFeb 11, 2024 · Please give explanation with illustration if company in FY 2024-22 crossed Net profit Rs 5/-CR 1 CSR applicability form FY 2024-22 or FY 2024-23 2. CSR 2 should file for FY 21-22 OR FY 2024-23. Awaiting your kind reply. ... of Form CSR-2, can Profit before tax and Net Profit computed under Section 198 be the same amount, if there is … WebDec 9, 2024 · In the companies accounts rules 2014 in rule 12, after sub-rule (1A), the given sub-rule will be mentioned like the company that comes beneath the provisions of sub-section (1) to section 135 will file a report on the CSR in Form CSR-2 to the Registrar for the preceding financial year (2024-2024) and onwards as an addendum to Form AOC-4 or …
Govt amends rules governing corporate social responsibility
WebSep 22, 2024 · To this effect, the government has amended rules governing corporate social responsibility (CSR), according to an official notification issued by the Ministry of Corporate Affairs. Under the Companies Act, 2013, certain classes of profitable companies are required to spend at least 2 per cent of their average net profit of the preceding three ... WebRule 3. Corporate Social Responsibility .—. (1) Every company including its holding or subsidiary, and a foreign company defined under clause (42) of section 2 of the Act having its branch office or project office in India, which fulfills the criteria specified in sub-section (1) of section 135 of the Act shall comply with the provisions of ... slow stream rehabilitation melbourne
csr: Time govt scrapped mandatory CSR - The Economic Times
WebMar 16, 2024 · As per Section 135 (1) of Companies Act, 2013, CSR provisions were originally applicable to companies meeting the thresholds of INR 500 crore net worth or INR 1000 crore turnover or INR 5 crore net profit during any financial year. The meaning of the term ‘any financial year’ was clarified by MCA to imply any of the three preceding … http://corporatelawreporter.com/companies_act/section-135-of-companies-act-2013-corporate-social-responsibility/ WebApr 8, 2024 · Q.1 Whether the Average Net Profit criteria for Section 135 (5) is Net Profit before tax or net Profit after tax? ... Q.3 Whether the provisions of CSR are applicable … sog lifetime warranty