CSR expenditure

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11 Points Posted on 20 January 2020
Is it mandatory for the companies to spend CSR expenditure every year (assume limits specified under sec 135 has been exceeded) ?
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On 20 January 2020 at 17:15 Report
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If a company exceeds the prescribed limits for CSR expenditure under Section 135 of the Companies Act 2013, it is mandatory to spend that amount. Should a company be unable to spend the full amount, it must provide valid reasons for doing so. The general rule is that CSR expenditure should equate to 2% of the average net profit over the last three financial years.

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30 Points Posted on 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
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On 20 January 2020 at 22:23
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76 Points Posted on 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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On 21 January 2020 at 23:53

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