CSR Activities or not

Co Act 2013 155 views 3 replies

Shall the following qualified as a CSR Activiteis

Directly transfer of money in the bank accounts of poor/BPL catogories for their food and othe basic needs.

Replies (3)

yes you can transfer it and take signatures from them. If you still have surplus of the 3 years 3% average profits, then,  open an account Unspent Corporate Social Responsibility A/c and transfer the unspent amount of CSR before 30th April 2021.

i think you mean to say 2% of average profit

Yes, sorry I forgot. Txs or mentioning


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