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What is csr eligible


The Companies Act, 2013 provides for CSR under section 135. Thus, it is mandatory for the companies covered under section 135 to comply with the CSR provisions in India. Companies are required to spend a minimum of 2% of their net profit over the preceding three years as CSR.

How do I check my CSR applicability?

Accordingly, the applicability of CSR is not required to be checked every year except where the company ceases to be covered under section 135(1) for 3 consecutive financial years. In other words, once CSR provisions are applicable in any financial year, then it remains applicable for three financial years.

What are the 3 types of CSR?

The four main types of CSR are environmental responsibility, ethical responsibility, philanthropic responsibility and economic responsibility. However, companies can also consider different forms of CSR, such as diversity and inclusion, governance, well-being and employee engagement.

How do I receive my CSR money?

The conditions for an NGO to receive CSR funds from a company only if are as follows: A section 8 company Registered under section 12A and 80G of the Income Tax and have at least 3 years of undertaking charitable activities.

What is CSR under Companies Act?

The concept of CSR rests on the ideology of businesses giving back to society as they grow and benefit. Companies take resources in the form of raw materials, human resources etc. from the society.




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