Considering the provisions of the Companies Act, 2013 relating to "Corporate Social Responsibility Obligations" answer on the following: The composition of the "Corporate Social Responsibility Committee" (CSR Committee)

Composition of CSR Committee {Section 135(1) read with Rule 5 of CSR Rules, 2014}: A private company shall have the CSR Committee of two or more directors as it is not required to appoint independent directors. Where the amount to be spent by a company under sub-section (5) does not exceed fifty lakh rupees, the requirement under sub-section (1) for constitution of the Corporate Social Responsibility Committee shall not be applicable and the functions of such Committee provided under this section shall, in such cases, be discharged by the Board of Directors of such company.