Corporate and Other LawsMCQQuestion 12556 of 300
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Under Section 135(6) of the Companies Act, 2013, any amount remaining unspent pursuant to an ongoing CSR project shall be transferred by the company within how many days from the end of the financial year to a special bank account called the 'Unspent Corporate Social Responsibility Account'?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Within a period of 30 days from the end of the financial year

All Options:

  • AWithin a period of 30 days from the end of the financial year ✓
  • BWithin a period of 60 days from the end of the financial year
  • CWithin a period of 6 months from the end of the financial year
  • DWithin a period of 90 days from the end of the financial year

Detailed Solution & Explanation

Correct Answer: Option **A** (Within a period of 30 days from the end of the financial year) **Statutory Provision (Section 135 - Unspent CSR Account Transfer):** Section 135(6) mandates that any amount remaining unspent pursuant to any ongoing project shall be transferred by the company within a period of thirty days from the end of the financial year to a special account opened by the company in that behalf for that financial year in any scheduled bank to be called the Unspent CSR Account. Therefore, Option A is the correct legal position under the ICAI curriculum.

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