All India Bar Examination (AIBE) 7-VII Previous Year Question Papers with Answers

Practice Mode:
48.

Under the Companies Act, 2013, any company having a net worth of rupees 5000 crore or more or a turnover of rupees 1,000 crore or more or a net profit of rupees 5 crore or more or a net profit of rupees 5 crore or more should mandatorily spend ------- of their net profits per fiscal or Corporate Social Responsibility activities

A: 3%
B: 5%
C: 10%
D: 2%

The answer is: D