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In September as per report Corporate Affairs Ministry (MCA) revised the cap on the fees that could be paid by corporates for impact assessment. Under the revised norms, corporates can pay more than ______ for impact assessment.
- a)Rs. 50 lakh
- b)Rs. 60 lakh
- c)Rs. 70 lakh
- d)Rs. 80 lakh
- e)None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In September as per report Corporate Affairs Ministry (MCA) revised t...
- Corporate Affairs Ministry (MCA) has revised the cap on the fees that could be paid by corporates for impact assessment.
- It has also provided clarity on the entities through which CSR obligations could be fulfilled.
- Corporates can now pay more than Rs. 50 lakh for impact assessment.
- In January 2021, impact assessment was made mandatory for companies with a CSR budget of Rs.10 crores or more in a fiscal year and projects with outlays of Rs.1 crore or more.
- As per the rules, companies cannot carry out a self-assessment of the impact of their CSR spending.
- The impact assessment has to be carried out by an independent agency.
- Expenses on impact assessment were capped at 5% of total CSR spending or Rs. 50 lakh, whichever is lower.
- Under the revised norms, expenses on impact assessment are capped at 2% of total CSR spend or Rs.50 lakh, whichever is higher.
- MCA has also said that companies shall have CSR Committee even in cases where the amounts transferred to an ‘unspent CSR account’ is less than Rs. 50 lakh.
- In 2020-21, India Inc spent about Rs.24,865 crores towards CSR.
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In September as per report Corporate Affairs Ministry (MCA) revised the cap on the fees that could be paid by corporates for impact assessment. Under the revised norms, corporates can pay more than ______ for impact assessment.a)Rs. 50 lakhb)Rs. 60 lakhc)Rs. 70 lakhd)Rs. 80 lakhe)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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In September as per report Corporate Affairs Ministry (MCA) revised the cap on the fees that could be paid by corporates for impact assessment. Under the revised norms, corporates can pay more than ______ for impact assessment.a)Rs. 50 lakhb)Rs. 60 lakhc)Rs. 70 lakhd)Rs. 80 lakhe)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about In September as per report Corporate Affairs Ministry (MCA) revised the cap on the fees that could be paid by corporates for impact assessment. Under the revised norms, corporates can pay more than ______ for impact assessment.a)Rs. 50 lakhb)Rs. 60 lakhc)Rs. 70 lakhd)Rs. 80 lakhe)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In September as per report Corporate Affairs Ministry (MCA) revised the cap on the fees that could be paid by corporates for impact assessment. Under the revised norms, corporates can pay more than ______ for impact assessment.a)Rs. 50 lakhb)Rs. 60 lakhc)Rs. 70 lakhd)Rs. 80 lakhe)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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