TMI BlogCorporate Social Responsibility.X X X X Extracts X X X X X X X X Extracts X X X X ..... nsibility Committee of the Borad consisting of three or more directors, out of which at least one director shall be an independent director. (2) The Board's report under sub-section (3) of section 134 shall disclose the composition of the Corporate Social Responsibility Committee. (3) The Corporate Social Responsibility Committee shall, (a) formulate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... may be prescribed; and (b) ensure that the activities as are included in Corporate Social Responsibility Policy of the company are undertaken by the company. (5) The Board of every company referred to in sub-section (1), shall make every endeavour to ensure that the company spends, in every financial year, at least two per cent of the average net profits of the co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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