Current Affairs · Corporate Laws (Amendment) Bill, 2026
Consider the following statements with reference to the Corporate Laws (Amendment) Bill, 2026: Statement-I: The Bill raises the net profit threshold for Corporate Social Responsibility (CSR) applicability from ₹5 crore to ₹10 crore, while leaving the other existing CSR criteria unchanged. Statement-II: The Bill permits Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) through virtual mode, but also requires every company to hold at least one physical AGM once in three years. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-I is incorrect, but Statement-II is correct
- 2Statement-I is correct, but Statement-II is incorrect
- 3Both Statement-I and Statement-II are correct, but Statement-II is not the correct explanation for Statement-I✓
- 4Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Correct answer
Both Statement-I and Statement-II are correct, but Statement-II is not the correct explanation for Statement-I
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