CSR provisions apply to a company having, in the immediately preceding financial year, a net profit of ₹5 crore or more, turnover of ₹1000 crore or more, or net worth of:
A₹5000 crore or more
B₹500 crore or more
C₹10 crore or more
D₹50 crore or more
Answer & Solution
Correct answer: B. ₹500 crore or more
CSR applies at net worth ≥₹500 cr (or turnover ≥₹1000 cr or net profit ≥₹5 cr).
Related questions
Consolidated financial statements combine the financials of the parent and its:A company is required to constitute a CSR Committee of the Board if it falls within the __The persons primarily responsible for maintaining proper books of account and the company'A copy of the financial statements adopted at the AGM must be filed with the Registrar witA One Person Company and a small company are exempt from preparing the:Financial statements of a company are approved by the ___ before being signed and submitteThe activities that qualify as CSR are listed in:The format in which a company's balance sheet is to be prepared is prescribed in: