Which of the following is a key feature of the 'Corporate Social Responsibility'

Practice Questions

Which of the following is a key feature of the 'Corporate Social Responsibility' (CSR) initiatives in India as mandated by the Companies Act, 2013? (2013)

Mandatory funding for political parties.
Voluntary contributions to NGOs.
Mandatory spending on social welfare activities.
Exemption from tax for NGOs.

Questions & Step-by-Step Solutions

Which of the following is a key feature of the 'Corporate Social Responsibility' (CSR) initiatives in India as mandated by the Companies Act, 2013? (2013)

Step 1: Understand what Corporate Social Responsibility (CSR) means. It is when companies take responsibility for their impact on society and the environment.
Step 2: Know that in India, the Companies Act, 2013 was introduced to make CSR a legal requirement for certain companies.
Step 3: Identify which companies are affected. The law applies to companies that meet specific criteria, such as having a certain level of profit or revenue.
Step 4: Learn about the requirement. These companies must spend at least 2% of their average net profits from the last three years on CSR activities.
Step 5: Recognize what types of activities qualify as CSR. This can include donations to non-governmental organizations (NGOs), education, health care, and environmental sustainability projects.

No concepts available.

Which of the following is a key feature of the 'Corporate Social Responsibility'

Practice Questions

Questions & Step-by-Step Solutions

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?