Question

According to the new Company Act 2013, who is the responsible for formulation of the CSR Policy for the Company?

• A. Board of Directors
• B. Company Secretory
• C. Internal Auditor
• D. CSR Committee

Answer 1

Answer: (D)

CSR Committee

Formulation of CSR Policy. The CSR Policy will be formulated and recommended by the CSR Committee to the Board which shall indicate the activities to be undertaken by the company in areas or subject, as specified in Schedule VII of the Companies Act, 2013.