Which of the following contributions qualified under Corporate Social Responsibility CSR Contri...........

Explanation:

• Corporate Social Responsibility is the integration of socially beneficial programs and practices into a corporation’s business model and culture.
• Contributions by companies to PM-CARES Fund to tackle the pandemic would be considered as CSR. Hence only Statement 1st is correct.
• Contributions made to State Disaster Management Authority to combat COVID-19 would qualify as CSR expenditure. 
• Contribution towards 'Chief Minister’s Relief Fund' or 'State Relief Fund for COVID-19' would not be considered as spending towards CSR work.
• Under Section 135 of the Companies Act, 2013, every company having net worth of at least Rs 500 crore, turnover of Rs 1,000 crore or more, or a minimum net profit of ?5 crore during the immediately preceding financial year, has to make CSR expenditure.