Mandatory spending on C S R as per new
Company Act
A-Companies with a
1-net worth more than 500 crore
or
2 Turnover of more than 1000 crore
Or
3- Net profit of more than 5 crore
B- Companies have to
spend at least 2% of its average net
profit during three preceding years on
corporate social responsibility (CSR) activities .
C- Amount has to be preferably spend near or
around the areas the company operates.
Source –eco-times 9th
Aug 2013
