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)
Practice Questions
1 question
Q1
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.
The Companies Act, 2013 mandates that certain companies must spend a minimum percentage of their profits on social welfare activities, which can include contributions to NGOs.
Questions & Step-by-step Solutions
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Q
Q: 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)
Solution: The Companies Act, 2013 mandates that certain companies must spend a minimum percentage of their profits on social welfare activities, which can include contributions to NGOs.
