company subsidiary holding
Hello Everyone!
Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
director alternate concept applicability
Hi Folks!
In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
director alternate appointment
Hi Everyone!
In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
Hi Everyone!
What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
Hi Everyone!
Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
company statements financials unaudited filing
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If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
company reporting respect applicability
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Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
directors foreign number limitations
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Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
return included liabilities assets 
According to Section 135 of the Companies Act, 2013, every company that meets the specified criteria of net worth, turnover or net profit is required to spend at least 2% of its average net profit of the previous three financial years on Corporate Social Responsibility (CSR) activities.
As per the provisions of Section 135(5) of the Act, only the companies that meet the specified criteria are required to comply with the provisions of the section. Therefore, if a holding or subsidiary company does not meet the specified criteria under Section 135(1), then it is not required to comply with the provisions of Section 135.
However, if the holding or subsidiary company is a part of a group of companies where the parent company meets the specified criteria, then the parent company must fulfill the CSR obligation for the entire group. The holding or subsidiary company may also participate in the CSR activities of the group, but it is not required to separately comply with the provisions of Section 135.