Advertisements
Advertisements
Question
Illustrate any five activities of CSR covered as per Section 135 of the Companies Act, 2013.
Solution
The Policy recognizes that corporate social responsibility is a commitment to support initiatives that measurably improve the lives of the underprivileged by one or more of the following focus areas as notified under Section 135 of the Companies Act 2013 and Companies (Corporate Social Responsibility Policy) Rules 2014:
- Eradicating hunger, poverty & malnutrition, promoting preventive health care & sanitation & making available safe drinking water.
- Promoting education, including special education & employment enhancing vocation skills, especially among children, women, the elderly & the differently abled & livelihood enhancement projects.
- Reducing child mortality and improving maternal health by providing good hospital facilities and low-cost medicines.
- Ensuring environmental sustainability, ecological balance, protection of flora & fauna, animal welfare, agroforestry, conservation of natural resources & maintaining the quality of soil, air & water.
- Employment enhancing vocational skills.
RELATED QUESTIONS
State any four CSR activities.
Under CSR, the company would spent not less than 4% of the average net profits.
Explain the following term/concept.
Corporate Social Responsibility
Study the following case/situation and express your opinion.
Auto Parts Ltd. is renowned company situated in Chakradharpur, Jharkhand. This company is leading manufacturer of auto parts and also exports to some countries around the world. This company has net worth of Rs.600 Cr. and earned average net profit of Rs.1.20 Cr in last 3 financial years. The company has formed committee of directors to look after the CSR activities of the company.
- Provision of which section is applicable in case company follows CSR activities?
- How much amount company needs to spend on CSR activities?
- How many directors are required to constitute CSR committee?
Attempt the following.
Explain corporate social responsibility.
Define CSR.
State the scope of CSR.
