Incorporation of the Corporate Social Responsibility Provision in the New Companies Bill

Last updated: 11 December 2012

Clause 135 of the Companies Bill, 2011 inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the companys Corporate Social Responsibilities (CSR) policy and in case of failure, to specify the reasons for not spending s

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