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State the meaning of Corporate Social Responsibility as per the Companies Act 2013.

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प्रश्न

State the meaning of Corporate Social Responsibility as per the Companies Act 2013.

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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 activities that can be undertaken by the companies as per the Schedule under the Companies Act which include eradicating extreme hunger and poverty, promoting gender inequality and empowering women, ensuring environmental sustainability, etc.

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अध्याय 6: Social Responsibilities of Business and Business Ethics - Short Answer Questions [पृष्ठ १५९]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 6 Social Responsibilities of Business and Business Ethics
Short Answer Questions | Q 6 | पृष्ठ १५९

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संबंधित प्रश्न

Any ‘five cases’ (needs) of social responsibilities of business.


Government has established _______ to settle consumers’ disputes by compromise.


State with reasons, whether the following statement is True or False:

The business organisation has various types of social responsibilities.


Business organisations have no social responsibilities.


Write short note on the following.
Corporate social responsibility.


Build up argument for and against social responsibilities.


Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.


Social responsibility is broader than ______ responsibility.


Answer in one sentence.

What type of advertising should be avoided?


Explain the following term/concept.

Concept of Trusteeship


Study the following case/situation and express your opinion.

Yashwant Co. Ltd. is providing facilities for their female staff like a day care centre for kids and work from home facility. Even management takes their suggestions while taking the decisions, though they are members of the trade union.
  1. By doing this they are following social responsibilities towards which interest groups?
  2. What values are they presenting?
  3. What kind of responsibilities employer follows in the above case?

Define the concept of social responsibility.


Select the correct option.

(responsibilities towards shareholders, responsibilities towards consumers, responsibilities towards government, responsibilities towards society, responsibilities towards owners)

Group A  Group B
A. After Sales Service _______________
B. ______________ timely payment of taxes
C. protest anti-social activities _______________
D. fair practices on stock exchange _______________
E. _____________ Reasonable profit

Choose the Correct Answer.

Socially Responsible business provides goods at ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


Who are called Stakeholders?


Legal responsibility is broader than the social responsibility of business.


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