Witryna1 lip 2024 · during the immediately preceding financial year. The figures of 500CR, 1000CR and 5CR appears to have no consistency and logic keeping in mind the ultimate purpose of CSR – spending out of profits. A manufacturing company may require large investments so net worth need to be high though turnover and profits may be low. Witryna28 lut 2024 · As per Section 135(5): The Board of every company referred to in sub-section (1), shall ensure that the company spends, in every financial year, at least …
IAS 34 — Interim Financial Reporting
Witryna14 wrz 2024 · Section 2 (85): small company means a company, other than a public company—. (i) paid-up share capital of which does not exceed fifty lakh rupees or … Witrynaimmediately preceding financial year. Presentation of the interim statement of profit or loss and other comprehensive income either as a single statement or two separate statements should follow the presentation in the annual financial statements (IAS … chucks guides.com f18
1. Answer ALL - ICSI
Witrynaaudit, based on the immediately preceding financial year’s audited accounts to determine if the company is required to incur the required CSR spend that year. Accordingly, since the CSR provisions are effective from 1 April 2014, this would mean that all companies following the financial year (FY) ending 31 March 2014 as the … Witryna1 kwi 2024 · For example, previous year corresponding to assessment year 2024-22 means the preceding financial year, i.e. 2024-21 (01/04/2024 to 31/03/2024), however the previous year may begin from a later date in the case of new business/ source of income (i.e. from 01/04/2024 or any date thereafter upto 31/03/2024). http://corporatelawreporter.com/companies_act/section-135-of-companies-act-2013-corporate-social-responsibility/ chucksguideservice.com