T Ltd. provided the following information from its records as on 31-03-2022. Total Turnover ₹870 crores Gross Profit ₹11 crores Net Profit ₹4.7 crores Paid-up share capital ₹400 crores Total value of assets ₹1,250 crores

CS Executive · Corporate and Management Accounting · PYQS · December 2022
T Ltd. provided the following information from its records as on 31-03-2022. Total Turnover ₹870 crores Gross Profit ₹11 crores Net Profit ₹4.7 crores Paid-up share capital ₹400 crores Total value of assets ₹1,250 crores Total value of liabilities ₹300 crores The company is liable to constitute a CSR Committee in 2022-23 as per the criteria of:
(A) Net Worth
(B) Turnover
(C) Net Profit
(D) T Ltd. is not liable to constitute CSR committee

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Corporate Governance

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