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CSEET · Economic and Business Environment · Elements of Corporate Governance

Under section 135 of the Companies Act, 2013, the Corporate Social Responsibility Policy of a company must indicate activities to be undertaken in areas or subjects specified in which of the following?

The CSR Policy must indicate activities in areas or subjects specified in Schedule VII of the Companies Act, 2013. The CSR Committee formulates and recommends the policy to the Board, which approves it, so Schedule VII is the reference list for permissible CSR activities.

  1. ASchedule VIICorrect
  2. BSchedule IV
  3. CSchedule I
  4. DSchedule XI

Explanation

Section 135(3)(a) requires the CSR Committee to formulate and recommend a CSR Policy indicating activities in areas or subjects specified in Schedule VII. The other schedules are not linked to the CSR policy in this section.

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