On 1st April 2014, India, became the first country in the world to mandate Corporate Social Responsibility (CSR). As per the schedule 7 of section135 of the Company’s Act 2013 a company having a net profit of more than Rs. 5 crore or net worth of Rs. 500 crore or more or a turnover of above Rs. 5,000 crore during a financial year will have to spend 2 percent of its average net profit of the preceding three years on social welfare activities