Discuss the composition of Corporate Social Responsibility Committee with reference to the statutory provisions applicable.

According to Section 135(1) of the Companies Act 2013 read with rule 3 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 every company which fulfills any of the following criteria during any of the three preceding financial years shall constitute a CSR Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director: having net worth of rupees five hundred crore or more, or having turnover of rupees one thousand crore or more, or having net profit of rupees five crore or more. The composition of the CSR Committee shall be disclosed in the Board's report.