CSR spend obligation under Section 135 is at least ____ of average net profits of the company made during the three immediately preceding financial years:

1. Section 135(5) — companies covered must spend at least 2% of average net profits of the preceding three FYs on CSR activities. 2. Unspent amount must be transferred to a specified fund or unspent CSR account. 3. Hence (B). _Source: ICAI BoS CA Inter Paper 2 — Accounts of Companies_