Hi Everyone,
Pls Advise on the following:-
Suppose any company falls into any 1 criteria of out of 3 criteria for applicability of CSR provsion,then for that company CSR is recomendary or Mandatary?
If it is mandatary but company not take initiative for forming the commitee or spending of 2% amount then what shall be the consequenses?
Falling in even one criteria of the CSR as prescribed, makes it mandatory for the Company...the details of the committee and the amount spend have to be mentioned in the directors report....it will be checked by the ROC and will be penalised and/or investigated accordingly....
RMA And Associates LLP
New Delhi
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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Krea University
Chennai
CA
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CCI
Pro
CAclubindia
