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

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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.


Write a word or phrase or a term which can substitute the following.
Duties, obligations of business directed towards welfare to society.


Choose the correct option for the following:
Business people have the skills to solve


What are the major areas of social responsibility of business?


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

The media does not play important role in public life.


Social responsibility is broader than ______ responsibility.


______ should be fixed according to the nature and importance of work.


Correct the underlined word and rewrite the sentence.

 Moral values provide general guidelines for social conduct.


Study the following case/situation and express your opinion.

A vehicle manufacturing company has adopted the following practices.

  1. Only those components will be used by the company which is environment friendly.
  2. There will be a discharge of harmful wastes only after their proper treatment.
  3. The pollution level of every vehicle will be maintained as per international standards.
  1. by doing this, the business organisation follows social responsibility towards which interest group?
  2. What kind of pollution do they want to avoid?
  3. What kind of message do they want to convey?

what is the need for social responsibility?


Choose the Correct Answer.

Which type of Responsibility gives the benefit to the Society out of its profits earned?


What do you mean by Social Responsibility?


Who are called Stakeholders?


Explain in detail the concept and need for Social Responsibility?


Discuss the different groups that benefited from the Social Responsibility of business?


Legal responsibility is broader than the social responsibility of business.


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