CSR expenditure
prajwal online (11 Points)
20 January 2020
Is it mandatory for the companies to spend CSR expenditure every year (assume limits specified under sec 135 has been exceeded) ?
2 Replies
Jamuna belde Beldr
(30 Points)
Replied 20 January 2020
Company exceeds prescribed limit mentioned under section 135 of the companies act 2013
it is mandatory to sepend such expenditure,if not company shall state the reasons for not spending car expenditure
it is mandatory to sepend such expenditure,if not company shall state the reasons for not spending car expenditure
Aman Modi
(76 Points)
Replied 21 January 2020
It's mandatory to incurr CSR exp by company if limits are exceeded. CSR exp should be 2% of average profit of last 3 years .
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