Q.Explain the composition and role of the CSR Committee constituted under Section 135 of the Companies Act, 2013.

The CSR Committee must have at least three directors (one independent) and is responsible for formulating, recommending, and monitoring the company's CSR Policy and spending.

Under Section 135 of the Companies Act, 2013, an applicable company must constitute a CSR Committee of its Board of Directors, consisting of three or more directors, of whom at least one must be an independent director (a company not otherwise required to appoint an independent director may constitute the committee with two or more directors instead).

The CSR Committee's responsibilities are to:

1. Formulate and recommend to the Board a CSR Policy indicating the CSR activities the company will undertake, drawn from the areas listed in Schedule VII.
2. Recommend the amount of expenditure to be incurred on those CSR activities. …