With reference to the Corporate Social Responsibility (CSR), which of the statements is/are correct?
1. Companies Act 2014, introduces mandatory CSR.
2. Companies covered under this will have to spend at least one percent of their annual net-profit in the activities under CSR.
Select the correct answer using the codes given below:

Question

With reference to the Corporate Social Responsibility (CSR), which of the statements is/are correct?

1. Companies Act 2014, introduces mandatory CSR.

2. Companies covered under this will have to spend at least one percent of their annual net-profit in the activities under CSR.

Select the correct answer using the codes given below:

Accepted Answer

Neither 1 nor 2

Answer

1 only

Answer

2 only

Answer

Both 1 and 2

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