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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
State with reasons, whether the following statement is True or False:
The business organisation has various types of social responsibilities.
Write a word or phrase or a term which can substitute the following.
The newest management strategy about social obligations of business.
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Corporate social responsibility.
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If business is to operate in a society which is full of diverse and complicated problems, it may have
What do you understand by social responsibility of business? How is it different from legal responsibility?
What are the major areas of social responsibility of business?
Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.
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 | ||
Correct the underlined word and rewrite the sentence.
Social responsibility is a narrower term than legal responsibility of business.
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.
| 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. |
- By doing this they are following social responsibilities towards which interest groups?
- What values are they presenting?
- What kind of responsibilities employer follows in the above case?
What is the social responsibility of commercial organizations? towards consumers?
What is corporate social responsibility?
Choose the Correct Answer.
Assuming Social Responsibility of business helps the enterprise in ______
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Socially Responsible business provides goods at ______
Who are called Stakeholders?
