Q.23
Company Law Medium Knowledge-Based

Under the Companies Act, 2013, any company having a net worth of rupees 500 crore or more or a turnover of rupees 1,000 crores or more or a net profit of rupees 5 crore or more should mandatorily spend ____ of their net profits per fiscal on Corporate Social Responsibility activities

A 3%
B 5%
C 10%
2% Answer
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Explanation & Strategy

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Under CPC, appeals are the primary remedy against wrong decisions. First appeal lies from original decrees (S.96), second appeal to HC on substantial questions of law (S.100), and appeal from orders (S.104).

At a Glance
Subject Company Law
Difficulty Medium
Answer (D) Knowledge-Based
Paper AIBE VII — September 2014
Progress in Paper
Q.23 100 questions

23% through paper