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प्रश्न
Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.
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उत्तर
Corporate social responsibility in general refers to the responsibilities and duties of the businesses towards the society. The Corporate Social Responsibility in India as governed by the Companies Act, 2013 (under Clause 135) applies to those companies which have an annual turnover of Rs. 1,000 crore and more, or those having a net worth of Rs. 500 crore and more, or a net profit of Rs. 5 crore and more.
The meaning of CSR as per Companies Act, 2013 can be understood with the help of the following guidelines:
1. The companies are required to setup a committee for Corporate Social Responsibility consisting of 3 or more board members of the company, including at least one independent director.
2. The companies should spend at least 2% of their average net profits made during 3 immediately preceding financial years, in regards with the Corporate Social Responsibility Policy.
3. In India, only those CSR activities should be taken by the company which are a part of Corporate Social Responsibility Policy as formed on the recommendations of Corporate Social Responsibility Committee.
4. The activities which a company may undertake under CSR, should be according to those as specified under Schedule VII of the Act.
5. The activities which are exclusively meant for employees of the organisation or their family members will not be considered as a part of CSR.
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संबंधित प्रश्न
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
Distinguish between the following.
Traditional social responsibility and corporate social responsibility.
Choose the correct option for the following:
Business people have the skills to solve
What do you understand by social responsibility of business? How is it different from legal responsibility?
Build up argument for and against social responsibilities.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | Employees | 1) | Good quality product |
| B) | Responsibility to Investors | 2) | To maintain solvency and prestige |
| C) | Responsibility towards government | 3) | To serve society |
| D) | Economic Objective | 4) | Voluntary |
| E) | Business ethics | 5) | Job security |
| 6) | Compulsory | ||
| 7) | Respecting rules and regulations | ||
| 8) | To earn profit | ||
|
9) |
Branch of Social Science |
||
| 10) | Protection and environment | ||
Select the correct option.
(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)
| Group A | Group B |
| 1) After-sales service | ____________ |
| 2) Timely payment of proper taxes | ____________ |
| 3) ____________ | Protest Anti Social Activities |
| 4) _____________ | Fair practices on the stock exchange |
Correct the underlined word and rewrite the sentence.
Social responsibility is a narrower term than legal responsibility of business.
Justify the following statement.
The role of media has a major influence on business organizations.
Define the concept of social responsibility.
Choose the Correct Answer.
Socially Responsible business provides goods at ______
What do you mean by Social Responsibility?
Who are called Stakeholders?
Define the Concept of Social Responsibility?
Discuss the different groups that benefited from the Social Responsibility of business?
Give one word or phrase for the following sentence:
Who propounded the concept of trusteeship?
Justify the following statement.
Social responsibility is necessary for the protection of the environment.
