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Csr applicability

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2015 Our is a private limited company and does not satisfy the condition under sec 135 ( 1) of companies act ( Net worth Rs. 25 Crores , Turnover Rs. 110 Crores and Profit Before Tax Rs . 54 lacs .) . In that case whether CSR applicable ? . But our auditor is claiming that CSR applicable to us as 3 years average profit is more than Rs. 5 Crores . ( PY Profit Rs. 5.01 crores , before that Rs.7.25 Crores and Rs.4.46 Crores ) . Please advice wheter we need to comply CSR Rules .
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
01 August 2015 yes you have to comply with csr rules.

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