1. Consider the following statements with respect to corporate social responsibility norms.
- The mandate was codified into law with the passage of the 2014 and 2021 amendments to the Companies Act of 2013.
- The amendments require companies with a net worth of ₹500 crore or a minimum turnover of ₹1,000 crore or a net profit of ₹5 crore in any given financial year spend at least 2% of their net profit over the preceding three years on CSR activities.
Choose the correct answer.
You must log in to post a comment.