CSR rules & regulations - General Economics & Indian Economy

Q.  Which of the following statements is / are correct?

1. The CSR norms is applicable to companies with an annual turnover of 1000 crore rupees and more, or a net value of 500 crore rupees and more, or a net income of 5 crore rupees and more.
2. As per the CSR rule, company need to set-up a CSR committee consisting of their board members, as well as at least one independent director.
3. It also encourages companies to spend a minimum of 2 % of their average net profit in the previous 3 years on CSR activities.
- Published on 11 Jul 15

a. 1,2
b. 2,3
c. 1,3
d. All of the above

ANSWER: All of the above

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