About Corporate Social Responsibility:
- What is it? It is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and the environment.
- It helps both improve various aspects of society as well as promote a positive brand image of companies.
- Section 135 of the Companies Act, 2013 makes it mandatory for the following companies having in the immediately preceding financial year:
- Every company having a net worth of rupees five hundred crores or more, or
- Every company having a turnover of rupees one thousand crores or more, or
- Every company has a net profit of rupees five crores or more to comply with CSR provisions.
Q1) What is Turnover in business terms?
Turnover is a business term that refers to the amount of money that a company generates from the sale of goods or services over a specific period, usually measured on an annual basis. It is also known as revenue or sales turnover.
Source: Eye on CSR Part-II: FY22 spending near target, thanks to white knights
Last updated on June, 2026
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