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

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

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संबंधित प्रश्‍न

Commercial organisations have different 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.


Write short note on the following.
Corporate social responsibility.


Answer the following question.
What is social responsibility? Explain modern concept of social responsibility.


What do you understand by social responsibility of business? How is it different from legal responsibility?


Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.


Discuss the guidelines enumerated by the Companies Act 2013 for Corporate 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

Social responsibility is broader than ______ responsibility.


Correct the underlined word and rewrite the sentence.

Social values are based on perceptions of right or wrong.


Explain the following term/concept.

Concept of Trusteeship


What is corporate social responsibility?


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?


Choose the Correct Answer.

Assuming Social Responsibility of business helps the enterprise in ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


What do you mean by Social Responsibility?


Explain in detail the concept and need for Social Responsibility?


Give one word or phrase for the following sentence:

Who propounded the concept of trusteeship?


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