MCO

7th November, 2016

CSR - Profit Calculation - Companies Act, 2013

The Companies Act, 2013 mandates that certain companies which have net worth of Rs. 500 crore or more turnover of Rs. 1,000 Crore or more or a net profit of Rs. 5 crore or more during any financial year are required to spend 2% of their profit on activities relating to corporate social responsibility.

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