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MOIRS JU LULUWU
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Whilst the Government has brought a strict legislation for companies to comply
with CSR mandate, it is also quite to the healthy growth of
com
Which of the following tement brings out this cond of the
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Read the following passage carefully
India is the first country in the world to make corporate social
(CSR) mandatory
an amendment
to the Companies Act, 2013 in April 2014 Businesses can invest their profits in areas such as education, poverty,
environment, gender equality, and hunger as part of any CSR compliance
Keeping the challenges of COVID-19 outbreak in mind, the Ministry of Corporate Affairs has notified the companies' that
the expenditure incurred towards fighting the pandemic will be considered valid under CSR activities Funds may be
spent on Covid-19
related welfare activities such as healthcare, sanitation, and disaster management
The amendment notified in the Companies Act, 2013 requires companies with a net worth of INR 5 llion or more, to
spend 2 percent of the average net profits of three years on CSR
611784,
India is the first country in the world to make corporate social responsibility
(CSR) mandatory
should also be sustainable - involving activities that an
can uphold without negatively affecting their business goals
ganization
The most effective CSR plans ensure that while organizations comply with legislation, their investments also respect the
growth and development of marginalized communities and the environment CSR should also be sustainable - involving
activities that an organization can uphold without negatively affecting their business goals
O Funds may be spent on Covid-19 related welfare activities such as
healthcare, sanitation, and disaster management
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Businesses can invest their profits in areas such as education
gender equality, and hunger part of any CSR compliance
overty,
611731161 17
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Answer 1

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