With reference to the Corporate Social Responsibility (CSR), which of the statements is/are correct?1. Companies Act 2014, introduces mandatory CSR.2. Companies covered under this will have to spend at least one percent of their annual net-profit in the activities under CSR.Select the correct answer using the codes given below:

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2