Law · Corporate Law
Which of the following statements regarding Corporate Social Responsibility (CSR) in India are true? (a) It is defined and regulated under the Companies Act, 2013. (b) It is mandatory for only privately owned companies. (c) It is applicable to companies with a net worth of Rupees 500 crore or more. (d) It is applicable to companies with annual net profits of Rupees 50 crore or more. Select the correct answer from the codes given below:
- 1(a), (b) and (c)
- 2(a) and (d)
- 3(a) and (c)✓
- 4(a) and (b)
Correct answer
(a) and (c)
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