WitrynaWhat is meaning of ‘any financial year’ mentioned in Section 135 (1) of the Companies Act, 2013? “Any Financial year” referred under Sub- Section (1) of Section 135 of the Act read with Rule 3(2) of Companies CSR Rule, 2014 implies any of the three preceding financial years ( may refer General Circular No. 21/2014, dated: 18.06.2014) Witryna16 mar 2024 · In terms of Section 135 (1) read with Section 135 (5), companies meeting the aforesaid criteria during the immediately preceding financial year are required …
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Witryna29 lip 2024 · Last Updated on 29 July, 2024. Clause 3 (xvii): whether the company has incurred cash losses in the financial year and in the immediately preceding … http://corporatelawreporter.com/companies_act/section-135-of-companies-act-2013-corporate-social-responsibility/ how to stack mcafee subscriptions
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Witryna1 gru 2024 · However, 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 two per cent. of the average net profits of the company made during the three immediately preceding financial years 7[or where the company has not completed … WitrynaRate of dividend: The rate of dividend declared shall not exceed the average of the rates at which dividend was declared by it in the three years immediately preceding that year Provided that this sub-rule shall not apply to a company, which has not declared any dividend in each of the three preceding financial years. Further, in … WitrynaSection 135 of the Companies Act, 2013 makes it mandatory for following companies having in immediately preceding financial year: Every company having net worth of rupees five hundred crore or more, or; Every company having turnover of rupees one thousand crore or more, or; reach into blender