Doubts in csr
Rajesh Bhanushali (fdwdsds) (28 Points)
23 March 2017Rajesh Bhanushali (fdwdsds) (28 Points)
23 March 2017
sivabommakanti
(CA - Tax Consultant)
(267 Points)
Replied 23 March 2017
Rajesh Bhanushali
(fdwdsds)
(28 Points)
Replied 23 March 2017
Please also guide in wich circular or section detailes of CSR will be mention.
Jatin Bajaj
(CS)
(2928 Points)
Replied 23 March 2017
as per section 135 of the companies act 2013 , Read with CSR Rules , Company having net profit as per the Balalnce sheet as on 31st March 2016 of 5 crore rupees or more shall constitute CSR Committee after 31st March 2016 and as per section 135(5), every company having net profit of rs 5 crore or more shall spend 2% of the average net profit of the company after formation of committee and has to disclose in the Board report prepared for the year 2015-2016 after 31st March 2016
sivabommakanti
(CA - Tax Consultant)
(267 Points)
Replied 23 March 2017
sivabommakanti
(CA - Tax Consultant)
(267 Points)
Replied 23 March 2017
Law Aspire
(CS)
(755 Points)
Replied 28 March 2017
Originally posted by : Jatin Bajaj | ||
as per section 135 of the companies act 2013 , Read with CSR Rules , Company having net profit as per the Balalnce sheet as on 31st March 2016 of 5 crore rupees or more shall constitute CSR Committee after 31st March 2016 and as per section 135(5), every company having net profit of rs 5 crore or more shall spend 2% of the average net profit of the company after formation of committee and has to disclose in the Board report prepared for the year 2015-2016 after 31st March 2016 |
I dont agree that CSR committee to be formed in 2015-16 .
it will have to be taken care in 2016-17