Question

According to the provision of Company Act 2013, the approval of CSR Policy will be given by ________________.

• A. CSR Committee
• B. Board of Directors
• C. Managing Director
• D. Any of the above

Answer 1

The correct option is B Board of Directors

Every company to which CSR criteria is applicable shall constitute a Corporate Social Responsibility of the Board (i.e. CSR Committee). Minimum 3 or more directors must form CSR Committee. Among those 3 directors, at least 1 director must be an independent director.