CORPORATE SOCIAL RESPONSIBILITY, Corporate Laws / SEBI / LLP

[Richa Goyal]

Company A has a net profit before tax crossing ₹ 5 crores as on 31.03.2018 for the first time. The board report has already been filed stating the CSR is not applicable.

What should be done in this matter? Please guide?

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

In my view CSR is applicable since the profit exceeds ₹ 5 crores for the immediate preceding year i.e., 2017 - 18. You have to comply with the provisions of section 135 of the Companies Act and the rules made there under.