Csr

Conditions for forming CSR committee as per section 135 of COA

Every company having net worth of rupees five hundred crores 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.

AS per CSR FAQs about CSR #8

Holding or subsidiary of a company does not have to comply with sec 135(1) unless the holding or subsidiary itself fulfills the criteria.

Link - https://www.mca.gov.in/Ministry/pdf/FAQ_CSR.pdf