CompliServe Solutions Limited is a public company adhering to the provisions of the Companies Act, 2013. As part of its corporate governance practices, the company is required to implement various policies, including CSR
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · June 2025
CompliServe Solutions Limited is a public company adhering to the provisions of the Companies Act, 2013. As part of its corporate governance practices, the company is required to implement various policies, including CSR policy, Risk Management policy, Vigil Mechanism policy, and Nomination & Remuneration Policy. Describe what the CSR policy of the company must include?
Answer & Explanation:
Corporate Social Responsibility Policy Section 135(3)(a) of the Companies Act, 2013 provides that the CSR Committee of the Board shall formulate and recommend to the Board, a CSR Policy which shall inter-alia, include the following namely - A list of CSR projects or programs which the company plans to undertake within the areas or subjects specified in schedule VII of the Act, specifying modalities of execution of such project or programs and implementation schedules for the same. Monitoring process of such projects or programs. A clause specifying that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of the company.
Topics: Corporate Governance
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