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Csr committee ?????

CA Prateek Garg (CA in Practice) (1444 Points)

25 June 2014

As per section 135 of company act 2013 csr committee must consist of at least 3 director and out of these at least 1 director should be independent director. how can a private co having only 2 directors can comply with this requirement?????

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4 Replies

CA. Roopali Kadam (Jobs on assignment basis.) (1453 Points)
Replied 25 June 2014

My Query:

Is CSR compulsory for private Companies also?

RoHaN k (CA & CS) (308 Points)
Replied 26 June 2014

1] CSR is applicable for all companies having some threshold limits.

2] Independent director Criteria is only for Listed Co. and Unlisted public Co.

3] If your Pvt Ltd company is applicable for CSR Provisions , then as per MCA clarification , Appointment of Independent Director is not necessary in such committee , where it is not mandatory to appoint such ID for that company.