Which clause of companies act 2013 details composition of CSR committee of the board?Select one:a.135b.153c.125d.152

The clause of the Companies Act 2013 that details the composition of the Corporate Social Responsibility (CSR) committee of the board is:

Answer

a. 135

Explanation

Section 135 of the Companies Act 2013 specifically deals with the CSR responsibilities of companies. It outlines the requirements for companies to form a CSR committee if they meet the criteria of a certain net worth, turnover, or profit. The committee is tasked with formulating and recommending CSR policies, monitoring their execution, and ensuring compliance with the CSR obligations. This section mandates that the committee should consist of at least three directors, including at least one independent director, to ensure proper governance and accountability in the corporate social responsibility initiatives of the company.