committee constituting exemption
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Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
director alternate concept applicability
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In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
director alternate appointment
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In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
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What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
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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 
As per Section 135 of the Companies Act, 2013, every company meeting the prescribed criteria must constitute a Corporate Social Responsibility (CSR) Committee. The CSR Committee must consist of at least three directors, one of whom must be an independent director. The committee is responsible for formulating and recommending the company's CSR policy, monitoring the implementation of CSR activities, and reporting on the same to the board of directors.
However, there are no provisions for relaxation in constituting a CSR Committee, even if a company meets the prescribed criteria for applicability of Section 135 of the Companies Act, 2013. Therefore, it is mandatory for such companies to constitute a CSR Committee as per the provisions of the Act.
In case a company fails to comply with the provisions of Section 135, it may be subject to penalties, including fines and legal action. Therefore, companies are advised to comply with the requirements of the Act to avoid any adverse consequences.