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Q.84
Company Law Medium Knowledge-Based

Which of the following Companies will have to constitute Corporate Social Responsibility Committee under the Companies Act, 2013

A A Company having a net profit of 2.5 crores in a financial year, a net worth of 300 crores and a turnover of rupees 800 crores
B A Company having a net profit of 3 crores, in a financial year, a net worth of 300 crores and a turnover of rupees 600 crores
✓ A Company having a net profit of 5 crores or more, a net worth of 500 crores and a turnover of rupees 1000 crores or more Answer
D A Company having a net profit of 5 crores or more, a net worth of 500 crores and a turnover of rupees 5000 crores or more
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Explanation & Strategy

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This question tests understanding of a core legal concept. The correct answer requires knowledge of the relevant legal provision and its practical application in the described context.

At a Glance
Subject Company Law
Difficulty Medium
Answer (C) Knowledge-Based
Paper AIBE IX — March 2016
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