Ayush Power Limited has reported a net profit of 6 crore, 7.5 crore and 3 crore for the financial year(s) ended on March

[answerhappygod]

Ayush Power Limited has reported a net profit of 6 crore, 7.5
crore and 3 crore for the financial year(s) ended on March 2017,
March2018 and March 2019 respectively. The board’s report of the
companyfor the year ended March 2020 did not disclose the
composition of the CSR Committee on the grounds that company is not
required to constitute CSR committee as net profit during the
immediately preceding financial year is less than the statutory
requirements laid down in section 135. You are required to examine
in the given scenario whether the act of noncomposition and non-
disclosure of the composition of CSR committee in the Board’s
Report is valid in law?