Law · Corporate
Section 135 Companies Act — Corporate Social Responsibility
CSR obligation — 2% of average net profit for eligible companies. (Companies Act, 2013)
Pronunciation: 🇺🇸 US
/ˈsɛkʃən ˈkəmpəniz ækt ˈkɔrpərət ˈsoʊʃəl rispɑnsəˈbɪləti/ 🇬🇧 UK/ˈsɛkʃən ˈkəmpəniz ækt ˈkɔːpərət ˈsəʊʃəl rispɒnsəˈbɪləti/Definition
CSR obligation — 2% of average net profit for eligible companies. (Companies Act, 2013)