As per Section 135 (1) of Companies Act, 2013

Every company having net worth of rupees five hundred crore or more, or turnover of rupees one
thousand crore or more or a net profit of rupees five crore or more during any financial year
shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or
more directors, out of which at least one director shall be an independent director.

Question- whether the net profit which is mentioned above under section 135(1) is Net Profit
after tax or Net Profit Before tax?
Because Nowhere in Companies act, 2013 it is defined whether it is Net Profit Before Tax or Net
profit After Tax.

Once ministry came out with
General Circular No. 01/2016 No. 05/19/2015-CSR

And in the circular, it is defined in reference to
Question-Whether the “average net profit” criteria for section 135(5) is Net Profit Before tax or
Net Profit After Tax
Answer- computation of net profit for section 135 is as per section 198 of the companies Act,
2013 which is primarily Profit Before tax.



SO I WANT TO KNOW FOR CSR APPLICABILITY UNDER SECTION 135(1) WE HAVE TO CONSIDER NET PROFIT AFTER TAX OR NET PROFIT BEFORE TAX?

As per Section 135 (1) of Companies Act, 2013 Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director. Question- whether the net profit which is mentioned above under section 135(1) is Net Profit after tax or Net Profit Before tax? Because Nowhere in Companies act, 2013 it is defined whether it is Net Profit Before Tax or Net profit After Tax. Once ministry came out with General Circular No. 01/2016 No. 05/19/2015-CSR And in the circular, it is defined in reference to Question-Whether the “average net profit” criteria for section 135(5) is Net Profit Before tax or Net Profit After Tax Answer- computation of net profit for section 135 is as per section 198 of the companies Act, 2013 which is primarily Profit Before tax. SO I WANT TO KNOW FOR CSR APPLICABILITY UNDER SECTION 135(1) WE HAVE TO CONSIDER NET PROFIT AFTER TAX OR NET PROFIT BEFORE TAX?

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As per Section 135 (1) of Companies Act, 2013
Every company having net worth of rupees five hundred crore or more, or turnover of rupees one
thousand crore or more or a net profit of rupees five crore or more during any financial year
shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or
more directors, out of which at least one director shall be an independent director.

Question- whether the net profit which is mentioned above under section 135(1) is Net Profit
after tax or Net Profit Before tax?
Because Nowhere in Companies act, 2013 it is defined whether it is Net Profit Before Tax or Net
profit After Tax.

Once ministry came out with
General Circular No. 01/2016 No. 05/19/2015-CSR

And in the circular, it is defined in reference to
Question-Whether the “average net profit” criteria for section 135(5) is Net Profit Before tax or
Net Profit After Tax
Answer- computation of net profit for section 135 is as per section 198 of the companies Act,
2013 which is primarily Profit Before tax.



SO I WANT TO KNOW FOR CSR APPLICABILITY UNDER SECTION 135(1) WE HAVE TO CONSIDER NET PROFIT AFTER TAX OR NET PROFIT BEFORE TAX?

Kindly tell me the number of days within which Company required to issue Duplicate Share Certificate From the Date of Request?

Sir,



please guide me in the issue in F. Y. 20012 to 2015 ,depreciation charged according to the Income Tax and the same has accounted in P & L A/c of a Private Limited Company. is there any correction can be done as per companies act. and under which section changes can be done.

Please reply on urgent basis 

can someone plz summarise the crux of sec 192(1) companies act 2013

My Directors want to change the place of keeping the Minutes of the Board of Directors Meeting. What is the procedure. Do i need to intimate ROC in AOC -5 Form?

Hi,
I am one of the director [we are 3 directors] of a small company registered in 2006, the company was operational and we filed IT till 2011. But since 2011, we did not have good transacations and could not file IT. SInce 2013 the company is almost has 0 transactons. We only had Foreign Inward receipts which is competely stopped since 2013. We however had some investment in mutual funds and equities done which we redeemed now wihich is arond 30Lack+

Now in our bank we have the money which is about 30L+ which belongs to only one director, now our CA said that the company status shows as strike off and he suggest us to withdraw money and just wait.

I just wanted to know if we can dissolve the company and pay a penalty for IT since 2011? If we do not anything will there be any legal case against directors? Can you please suggest me what should I do along with my CA?

Raghu

Dear Members,
I have a query of Nidhi Company incorporated in 04/05/2016, i need to know about the filing requirements with ROC.

Dear Members,
I have a query of Nidhi Company incorporated in 04/05/2016, i need to know about the filing requirements with ROC.