GlobalTech Pvt. Ltd., a technology giant with operations in software development, hardware manufacturing, and IT consulting, has recorded…

GlobalTech Pvt. Ltd., a technology giant with operations in software development, hardware manufacturing, and IT consulting, has recorded significant financial growth over the past few years. For the financial year 2023-2024, the company reported the following financial metrics: Net worth:520 croreTurnover:1,050 croreNet profit:4.5 crore In the financial year 2022-2023, GlobalTech Pvt. Ltd. had a net worth of 480 crore, a turnover of 1,020 crore, and a net profit of 4 crore. The company has a subsidiary, TechSubs Ltd., and a foreign subsidiary, GlobalTech International, which has a branch office in India. GlobalTech Pvt. Ltd. spent - 1.2 crore on various CSR activities during the financial year 2023-2024. However, 30 lakh remained unspent and was transferred to the Unspent Corporate Social Responsibility Account as per section 135(6) of the Companies Act, 2013. The company's board comprises members from different parts of the country and they ensure that the administrative overheads do not exceed the prescribed limit of total CSR expenditure. The company held its annual general meeting on 20 th August, 2024 and filed the annual return in compliance with the provisions of the Companies Act, 2013. On the basis of above facts and by applying applicable provisions of the Companies Act, 2013 and the applicable Rules therein, choose the correct answer (one out of four) of the following Multiple Choice Questions (MCQs 1-6) given herein under: -