Corporate Social Responsibility | Companies Act - Section 135

[@arpitagoyal18]

100% conceptual clearity.....! Thank you Ma'am

[@rithikam6715]

Great teaching and sweet voice ❤️

[@medicaultimate6402]

Which companies qualify for CSR under the Companies Act, 2013? A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions specified under section 135(1) of the Companies Act, 2013 read with the Companies (CSR Policy) Rules, 2014 made thereunder: 1 - net worth of rupees five hundred crore or more, or 2 - turnover of rupees one thousand crore or more, or 3 - net profit of rupees five crore or more I need clarification on point no 3 for Qualifing not for CSR Calculation we know that on profit before tax Company qualifying for CSR five crore net profit is net profit after tax five crore net profit is net profit before tax

[@capreetiaggarwal]

Net profit shall be BEFORE tax but it shall not include (a) profit arising from overseas branch(es) of the company and (b) any dividend received from other companies in India, which are covered under and complying with the provisions of Section 135 of the act

[@MrRahul47]

can you give clarity on this. cred has 150 cr csr obligation, it has 9 projects 50cr,10cr,0.75,0.9,0.1,0.25,30cr,4cr,4cr. so as per your logic only 5 projects are to be gone thorugh impact assesmnet. so how much do i need to pay to pwc. do in need to calicualte 2% of each project or cumulative sum

[@intelligent.minds.14]

AMAZING EXPLANATION MAM LOVE YOUU

[@canidhi3415]

Is therd any amendment last year , removing the criteria of 3 years subsequent contribytion if eligible in a previous year

[@jppindia7939]

thank you very much for this.

[@MrRahul47]

Also what happens to interest accumulated on unspent amount

[@ashimalawforall]

Thankuu soo much mam for this... Lots of Love!!

[@Murshidkalapura]

How will calculate average profits of 2% if immediately preceding 3 years were losses but satisfy any one of other condition?

[@dharshansb.m6638]

no need to pay

[@shrutisuyas4060]

I am cs student mam , your revision lecture is very helpful.... thank you so much 😊

[@capreetiaggarwal]

God bless you

[@rahmabaig8065]

Thank you maam....you made it really precise nd clear to understand

[@capreetiaggarwal]

My pleasure 😇

[@kethareddy2886]

Very nice❤

[@OmkarDevkar-01]

Ma'am what if CSR overheads exceeds 5% of total csr expenses

[@hemasudarshann]

do we need to check the limit every year or once the csr is applicable it will be applicable for 3 years straight

[@capreetiaggarwal]

Eligibility to be checked Every year

[@canidhi3415]

Is this a recent amendment

[@anandakrishnanr3675]

Mam, Can you please explain what is Net Profit, Net Worth and turnover?

[@Murshidkalapura]

Net profit means profit before taxation. Net worth means paid up share capital+accumulated profit+ securities premium account + other reserves except revaluation reserve account less deferred expenditure + preliminary expenses (not written off) Turn over means total net sales.

[@OmkarDevkar-01]

Shall i watch this video for nov 23 attempt? Please reply asap ma'am

[@capreetiaggarwal]

Yes

[@NarendraGurjar-ov9um]

Mam how can i purchase law's recorded lectures of regular batch ?

[@capreetiaggarwal]

Hi.. you can purchase the lectures from our website capreetiaggarwal.com/

[@OmjeeYadav-f9h]

can i have this document pdf ma'am

[@capreetiaggarwal]

It is a part of my law book for CA INTER capreetiaggarwal.com/product-category/ca-law-books/ca-inter-law-books/

[@OmjeeYadav-f9h]

I can't purchase it just for CSR law@@capreetiaggarwal

[@swethakannan9834]

Thanks mam it is really helpful in exam