Question

Which schedule of the Companies Act 2013 describes the activities which may be included in the 'Corporate Social Responsibility (CSR) policy of a Company?

• A. Schedule VII
• B. Schedule VI
• C. Schedule V
• D. Schedule IV

Answer 1

The correct option is A Schedule VII

The schedule VII of the companies act 2013 describes the activities of 'Corporate Social Responsibility'. Any company which has net worth of Rs-500 crore or a turnover of Rs-1000 crore or net profit of Rs-5 crore will have to compulsorily spend 2% of its average net profit for immediately 3 preceeding years on CSR Activities.