Corporate Social Responsibility

Mandatory spending by companies with net worth ≥ ₹500 crore, turnover ≥ ₹1000 crore, or net profit ≥ ₹5 crore under Section 135 of Companies Act 2013. At least 2% of average net profit of preceding 3 years must be spent on CSR activities.

Corporate Social Responsibility is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.

Corporate Social Responsibility is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.