Section135
vanita (to know the updates in law) (27 Points)
17 December 2019
contribution of company towards CSR activities
2 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 18 December 2019
As Per Section 135 of Company Act 2013
company spends, in every financial year, at least two per cent. of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy:
Provided that the company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities:
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