Question
Consider the following statements regarding new Corporate Social Responsibility (CSR) rules:
Which of the statements given above is/are correct?
- Companies to spend 2% of their 3 years average annual net profit on CSR activities.
- Surplus from CSR activities can become a part of the profit of the company.
- All CSR activities will have to be within India.
- The new rules will not be applicable to foreign companies registered in India.
Which of the statements given above is/are correct?
Answer: Option A
Answer: (a)
According to new Corporate Social Responsibility (CSR) rules, companies spend 2% of their 3 years average annual net profit on CSR activities.
Surplus from CSR activities cannot become a part of the profit of the company.
All CSR activities will have to be within India and the new rules will be applicable to the foreign companies registered in India.
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Answer: (a)
According to new Corporate Social Responsibility (CSR) rules, companies spend 2% of their 3 years average annual net profit on CSR activities.
Surplus from CSR activities cannot become a part of the profit of the company.
All CSR activities will have to be within India and the new rules will be applicable to the foreign companies registered in India.
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