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Section135
contribution of company towards CSR activities
Replies (2)
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:
2% of the average net profit
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