ICAI - President's Message - June 2013

Last updated: 07 June 2021

Dear Friends, In the new Companies Bill, 2012, Corporate Social Responsibility (CSR) activities have got prime focus requiring all companies having net worth of5000 crore or more, or, turnover of1000 crore or more, or, a net profit of5 crore or more during any financial year to constitute a dedicated CSR Committee of the Board consisting of three or more directors (out of which one shall be an independent director), in order to keep track of their CSR initiatives and their expenditure on CSR
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