Which companies qualify for CSR under the Companies Act,2013

A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions specified under section 135(1)of the Companies Act,2013 read with the Companies (CSR Policy)Rules,2014 made thereunder:

(1) net worth of rupees five hundred crore or more, or

(2) turnover of rupees one thousand crore or more, or

(3) net profit of rupees five crore or more.