CORPORATE SOCIAL RESPONSIBILITY: - Series 499

SHORT NOTE: CORPORATE SOCIAL RESPONSIBILITY : This Editorial is updated till 30 th August, 2019. Initially, the CSR provisions were codified and introduced by the Companies Act, 2013. CSR provisions as introduced imposed only a statutory obligation on the corporate to take social, environmental and economic initiatives for the society. The reporting of CSR in Directors Report being the only obligation. I. Applicability to which CSR provisions applicable: Following below mention companies are required to constitute CSR Committee, If Company having following during the immediately preceding financial year. Net worth meaning As per Section 2(57), ‘NW’ = (Paid Up Share Capital + All Reserves Created Out of Profits + Securities Premium Account) – (Accumulated Losses + Deferred Expenditure and Miscellaneous Expenditure not Written Off). II. CSR COMMITTEE Constitutions of CSR Committee: Company to which CSR is mandatory sh