Excel for Chartered Accountants
Section 135 of Companies Act, 2013 deals with Corporate Social Responsibility. As per the section every company which full fill any of the following conditions is required to constitute a Corporate Social Responsible Committee of the Board which shall consist of three or more directors, out of which, at least one should be an independent director.
and recommend a Corporate Social Responsibility Policy which shall include the activities to be undertaken as prescribed in Schedule VII of the Companies Act, 2013. The company is also required to put the contents of the said policy on company's website.
MCA has issued the following notifications dated 27-02-2014 with respect to provisions of section 135 as under: