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Can you explain the Indian Companies Act 2013 in relation to CSR?

Corporate Social Responsibility or CSR is a mandate that has been introduced in the rules of the Government of India’s Companies Act,differently-abled 2013 under Section 135 in the year 2014. It mandates the companies that have an annual turnover of 1000 crores or more or a net worth of 500 crores or more or a net profit of 5 crores or more to spend a minimum of 2% of its net profit for social welfare and community development. 

Suggested Areas of Activities for companies to implement their CSR in PROJECT MODE are:  (as per Schedule VII)


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