Corporate Social Responsibility (“CSR”) refers to the responsibility of Companies towards the Society, Community and Environment. Companies should not only aim for their own profitability and growth, but also the interests of the Society and the Environment. Therefore, CSR is carried out by the Corporates, for the welfare of the Society. Corporate Social Responsibility Activities creates a sense of trust among the members of the Society towards Corporates. Consequently, corporations earn and increase reputation, brand value among the members of the public. Members of the CSR Committee can agree and decide mutually regarding date, time and place for the meetings of the CSR Committee. Quorum for the meeting shall be one-third of its total strength, (any fraction contained in that one-third be rounded off as one) or two members, whichever is higher. The same can also be waived off by the members of the committee through a written letter, which confirms knowledge of decisions or orders proposed to be taken up at such meetings and confirmation of their assent for such discussion or order