Modest Ltd. has fallen within the purview of Corporate Social Responsibility norms recently. The Chief Executive Officer of the company wants to know from you, practising Company Secretary, how the following be dealt wit
CS Executive · Company Law · PYQS · June 2024
Modest Ltd. has fallen within the purview of Corporate Social Responsibility norms recently. The Chief Executive Officer of the company wants to know from you, practising Company Secretary, how the following be dealt with in respect thereof: Can CSR be made not applicable to any company ? Discuss with reference to the provisions of Companies Act, 2013.
Answer & Explanation:
In case of specified IFSC public / private company section 135 shall not apply for a period of five years from the commencement of business as per notification dated 4 th January, 2017. Thus, CSR can be made not applicable to these Companies.
Topics: Corporate Social Responsibility (CSR)
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