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Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.The Government may defer the deadline for companies to deposit the unspent portion of their Corporate Social Responsibility (CSR) funds into specified bank accounts in a move aimed at providing some relief in the fight against the COVID-19 and subsequent restrictions. Companies are required to spend at least 2% of their average net profit of the preceding within three financial years on CSR. The Ministry has allowed firms to undertake projects on an ongoing basis on the condition that any unspent amount must be deposited with a scheduled bank within 30 days of the end of the financial year. Considering the current crisis, we request your esteemed office to consider relaxation by providing extension of the timelines up to June 30, 2021, the Institute of Company Secretaries of India said in a letter to the Ministry. Experts said that while lockdowns and restrictions are less stringent than last year and companies have adapted to working online, many professionals or their families have been affected by the infection, leaving teams short-staffed.Q.In 2019, which of the following Committees recommended that CSR expenditure should be made tax deductible expenditure?a)Company Laws Committeeb)High Level Committee on Reform of Indian Company Lawc)High Level Committee on Corporate Social Responsibilityd)Committee for Reforms in Corporate Social Responsibility in IndiaCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.