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Csr in private companies
as we know that any company who fulfills criteria of section 135 needs to constitute csr committee.
suppose in case if any private company comes under such criteria and have only 2 directors in board then, is it mandatory to appoint independent director and constitute csr committee or is there any other way!!.
please give guidance respected professionals..
Replies (4)
In terms of rule 5(1) of CSR Rules 2014-
1. an unlisted company and a private company not required to appoint an independent director may constitute the CSR Committee w/o an independent director
2. A pvt co with only 2 directors may constitute CSR Committee with 2 directors only.
Thanks for your valuable information and guidace garg sir.
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