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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.

टीपा लिहा

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

Fulfillment of social responsibility shows _________ image of the organisation .


Commercial organisations have different types of social responsibilities.


Business organisations have no social responsibilities.


Distinguish between the following.
Traditional social responsibility and corporate social responsibility.


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


Businessmen are trustees of society.


Answer in one sentence.

What type of advertising should be avoided?


Correct the underlined word and rewrite the sentence.
 Social responsibility is a narrower term than legal responsibility of business.


Explain the following term/concept.

Concept of Trusteeship


Justify the following statement.

The role of media has a major influence on business organizations.


What is the social responsibility of commercial organizations? towards consumers?


What is corporate social responsibility?


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.

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


Enumerate the points relating to why business units are Socially Responsible?


Legal responsibility is broader than the social responsibility of business.


Explain the following term/concept in detail:

Globalisation


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