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Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR)

As per Section 135 of the Companies Act, 2013 a CSR committee has been formed by the Company. The funds are utilized throughout the year on the activities which are specified in Schedule VII of the aforesaid Act. Gross Amount required to be spent by the company during the year – XX crores.

The areas of CSR activities and contributions made thereto are as follows –

Particulars
In cash
Yet to be paid in
Cash
Total
Amount spent during the year on –
1) Construction/ Acquisition of any assets
2) For purposes other than (1) above: (Specify)

 

For detail guidance, refer “Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities”, issued by ICAI in May, 2015.

Bank Audit | Tina Saha |