This document outlines a company's corporate social responsibility (CSR) policy and initiatives. It defines CSR as a self-regulating business model that considers social and environmental impacts. The company emphasizes CSR's importance for maintaining a positive reputation and loyal employees. It details the company's CSR committee structure and activities focused on issues like education, health, environment, and heritage. The policy also addresses CSR implementation, funding, budgeting, and collaborative efforts with other organizations.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
India's ancient wisdom, which is still relevant today, inspires people to work for the larger objective of the well-being of all stakeholders. For example, our Rushees, Munees and Saints preached us to serve the society. The idea of CSR first came up in 1953 when it became an academic topic in HR Bowen’s “Social Responsibilities of the Business”. Since then, there has been continuous debate on the concept and its implementation. Although the idea has been around for more than half a century, there is still no clear consensus over its definition. Post 1991, there is increasingly a receding role of the state in the economic and social sphere. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The corporate world is keen to exploit the opportunities that are being provided by the new economic outlook of the State. Today, 93% of the world’s largest 250 companies now publish annual corporate responsibility reports, almost 60% of which are independently audited.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
India's ancient wisdom, which is still relevant today, inspires people to work for the larger objective of the well-being of all stakeholders. For example, our Rushees, Munees and Saints preached us to serve the society. The idea of CSR first came up in 1953 when it became an academic topic in HR Bowen’s “Social Responsibilities of the Business”. Since then, there has been continuous debate on the concept and its implementation. Although the idea has been around for more than half a century, there is still no clear consensus over its definition. Post 1991, there is increasingly a receding role of the state in the economic and social sphere. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The corporate world is keen to exploit the opportunities that are being provided by the new economic outlook of the State. Today, 93% of the world’s largest 250 companies now publish annual corporate responsibility reports, almost 60% of which are independently audited.
CORPORATE SOCIAL RESPONSIBILITY IN INDIAShree Ganesh
CORPORATE SOCIAL RESPONSIBILITY IN INDIA
The published presentation gives complete information about the CORPORATE SOCIAL RESPONSIBILITY IN INDIA as well as the periodical study of few companies with the goal of sharing their corporate social responsibility actions and results.
The Companies Bill 2012 was passed in the Lok Sabha on 18 December 2012. The bill seeks to consolidate and improve corporate governance and further strengthen the regulations for the corporates. One of the noticeable features of the bill is introduction of the most debated concept of Corporate Social Responsibility (CSR). The attached presentation by Ms Gayatri Subramanian, Program Coordinator - CSR & Corporate Governance, Indian Institute of Corporate Affairs, New Delhi, presents a clear picture on the new CSR Bill.
Emerging trends in employee and labour welfare in indiaAbhimanyu Singh
Presented in a national seminar on Emerging trends in employee and labour welfare in india at Jyoti vidyapeeth womens university, Jaipur By ABHIMANYU SINGH, Research Scholar, Department of Law University of Rajasthan
CORPORATE SOCIAL RESPONSIBILITY IN INDIAShree Ganesh
CORPORATE SOCIAL RESPONSIBILITY IN INDIA
The published presentation gives complete information about the CORPORATE SOCIAL RESPONSIBILITY IN INDIA as well as the periodical study of few companies with the goal of sharing their corporate social responsibility actions and results.
The Companies Bill 2012 was passed in the Lok Sabha on 18 December 2012. The bill seeks to consolidate and improve corporate governance and further strengthen the regulations for the corporates. One of the noticeable features of the bill is introduction of the most debated concept of Corporate Social Responsibility (CSR). The attached presentation by Ms Gayatri Subramanian, Program Coordinator - CSR & Corporate Governance, Indian Institute of Corporate Affairs, New Delhi, presents a clear picture on the new CSR Bill.
Emerging trends in employee and labour welfare in indiaAbhimanyu Singh
Presented in a national seminar on Emerging trends in employee and labour welfare in india at Jyoti vidyapeeth womens university, Jaipur By ABHIMANYU SINGH, Research Scholar, Department of Law University of Rajasthan
Corporate Social Responsibility Definition, CSR, Corporate Social Responsibility Scope, Scope of Corporate Social Responsibility, Scope of CSR, CSR Scope, Activities Under Corporate Social Responsibility, Activities under CSR, Difference Between Corporate Social Responsibility and Charity, Difference Between CSR & Charity
Hi, I just learned about the revolutionary topic of CSR. I never knew that companies also contributed hugely to creating a sustainable world for the future, in so many ways. This was an incredible eye-opener for me and I learned about various methods through which I can contribute to this noble cause, in what little way I can.
Finance and professions totally are all dominant areas in business world, financial industry includes many more informations related to business organizations..
CSR is a process by which an organization thinks about and evolves its relationships with stakeholders for the common good and demonstrates its commitment in this regard by adoption of appropriate business processes and strategies. Thus, CSR is no charity or mere donations.
CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies use CSR to integrate economic, environmental and social objectives with the company’s operations and growth.
Many other names are used to refer to CSR such as socially responsible business, responsible business conduct, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability.
It is the continuing commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families ,local communities and the society at large
CSR requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record.
It encompasses the extent to which companies should promote human rights, democracy, community improvement and sustainable development objectives throughout the world.
CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and society at large to improve their quality of life in ways that are both for business and good for international development
Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics on business interests and objectives. This presentation also gives a balancing view of the commercial interests of businesses and social & environmental obligations of a business enterprise.
The ISO 26000 standard defines CSR as:
an organization's responsibility for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that:
- contributes to Sustainable Development, including health and the welfare of society;
- takes into account the expectations of stakeholders;
- is in compliance with applicable law and consistent with international norms of behavior;
- and is integrated throughout the organization and implemented in its relations.
The 6 core subjects listed by ISO 26000 are:
1. Human rights
2. Labor practices
3. The environment
4. Fair operating practices
5. Consumer issues
6. Community involvement and development
The presentation covers all aspects of CSR and provide adequate guidance on the principles and practices of CSR.
Article on Corporate Social Responsibility - an insightFCS BHAVIK GALA
India is the first country in the world to have a regulatory framework for CSR by law. The Companies Act, 2013 has introduced the idea of CSR to the forefront and through its disclose-or-explain mandate, is promoting greater transparency and disclosure. Schedule VII of the Act, which lists out the CSR activities, suggests communities to be the focal point. On the other hand, by discussing a company’s relationship to its stakeholders and integrating CSR into its core operations, the rules suggest that CSR needs to go beyond communities and beyond the concept of philanthropy.This Article provides insight to the regulatory aspects of CSR in India
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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2. INTRODUCTION
Corporate social responsibility (CSR) is a self-regulating
business model that helps a company be socially
accountable — to itself, its stakeholders, and the public.
The way a corporation achieves a balance among its
economic, social, and environmental responsibilities in
its operations so as to address shareholder and other
stakeholder expectations.
It is a type of international private business self-regulation
that aims to contribute to societal goals of a activist, or
charitable nature by engage in or support volunteering or
ethically-oriented practices.
3. Role Of Corporate Social
Responsibility
The present-day CSR (also called corporate
responsibility) is a concept
whereby business organizations consider the interest
of society by taking responsibility for the impact of
their activities on customers, suppliers, employees.
4. Importance of Corporate Social
Responsibility
CSR demonstrates that you're a business that takes an
interest in wider social issues, rather than just those
that impact your profit margins, which will attract
customers who share the same values. Therefore, it
makes good business sense to operate sustainably.
5. CSR in Action — Starbucks
Long before its initial public offering (IPO) in
1992, Starbucks was known for its keen sense of
corporate social responsibility, and commitment to
sustainability and community welfare.
Starbucks has achieved CSR milestones such as
reaching 99 percent ethically sourced coffee; creating a
global network of farmers; pioneering green building
throughout its stores; contributing millions of hours of
community service; and creating a groundbreaking
college program for its partner/employees.
Going forward, Starbucks’ goals include hiring 10,000
refugees across 75 countries; reducing the
environmental impact of its cups; and engaging its
employees in environmental leadership.
6. 4 corporate responsibility types
your business can practice
Environmental efforts: One primary focus of
corporate social responsibility is the environment.
Philanthropy: Businesses can practice social
responsibility by donating money, products or services
to social causes and nonprofits. Larger companies tend
to have a lot of resources that can benefit charities and
local community programs. It is best to consult with
these organizations about their specific needs before
donating.
7. Ethical labor practices: By treating employees fairly
and ethically, companies can demonstrate their social
responsibility. This is especially true of businesses that
operate in international locations with labor laws that
differ from those in the United States.
Volunteering: Attending volunteer events says a lot
about a company's sincerity. By doing good deeds
without expecting anything in return, companies can
express their concern for specific issues and
commitment to certain organizations.
8. What Benefits Does CSR Offer to
Businesses?
Increase employee loyalty: Treating your employees
fairly and generously is a part of corporate social
responsibility. By providing good jobs and encouraging
high professional and moral standards, you increase
employee loyalty.
9. Maintain a positive reputation: Demonstrated consciousness
in a variety of areas can garner publicity and give a business
tangible proof of their conduct, which can be proudly displayed
on a company website. These consciousness: Reducing waste,
recycling, minimizing carbon footprint, and other best practices
can . Using or producing only sustainable products, lowering
energy usage, and supporting environmental causes will boost a
business's "green reputation" among environmentally concerned
clients.
Social Concern: Donating to humanitarian causes that fight
persistent poverty, help the victims of epidemics like AIDS or
Ebola, or assist those displaced by earthquakes shows concern
for issues that consumers are more.
Local Community: Involvement in local community projects,
either through financial donations, employee participation,
connecting your customers with promotion of the project
through advertising and enhances your CSR credentials with
clients in the given location.
10. CSR Committee
The CSR Committee will consist of four Directors, who
shall meet at least twice in a year to discuss and review
the CSR activities and policy. The Chairperson and
members of the committee are as follows:
Scope And functions of CSR Committee:
The CSR committee will recommend a formal CSR
Policy, this document and will recommend particular
CSR activities, set forth a budget, describe how the
company will implement the project, and establish a
transparent means to monitor progress.
11. ROLE OF CSR COMMITTEE
The CSR Committee constituted in pursuance of
Section 135 of the Companies Act, 2013 shall be
required to carry out the following activities:
a) Formulate and recommend to the Board, a Corporate
Social Responsibility Policy which shall indicate the
activities to be undertaken by the company as
specified in Schedule VII;
b) Recommend the amount of expenditure to be
incurred on the activities referred to;
c) Monitor the Corporate Social Responsibility Policy of
the company from time to time.
12. CSR Activities
Eradicating hunger, poverty, promoting preventive health care
& sanitation & making available safe drinking water;
Promoting education, employment enhancing vocation skills
especially among children, women, elderly & the differently
unable & livelihood enhancement projects;
Promoting gender equality, empowering women, setting up
homes & hostels for women & orphans, setting up old age
homes, day care centers & such other facilities for senior
citizens & measures for reducing inequalities faced by socially
& economically backward groups;
Ensuring environmental sustainability, ecological balance,
protection of flora & fauna, animal welfare, agro forestry,
conservation of natural resources & maintaining quality of soil,
air & water;
13. Protection of national heritage, art & culture including
restoration of buildings & sites of historical
importance & works of art; setting up public libraries;
promotion & development of traditional arts &
handicrafts;
Training to promote rural sports, nationally
recognized sports, sports & Olympic sports;
Contribution to the Prime Minister‘s National Relief
Fund or any other fund set up by the Central
Government for socio-economic development & relief
& welfare;
14. Implementation
The investment in CSR should be project based and for
every project time framed periodic mile stones should be
finalized at the outset.
a) Project activities identified under CSR are to be
implemented by Specialized Agencies and generally NOT
by staff of the organization. Specialized Agencies could be
made to work singly or in tandem with other agencies.
b) Such specialized agencies would include:
i)Community based organization whether formal or
informal.
ii)Voluntary Agencies (NGOs)
iii) Trusts
iv) Self-help groups
v)Government
15. FUNDING :
1. As per the regulations the company will set aside, for
annual CSR activities, an amount equal to 2% of the
average net profits of the Company made during the
three immediately preceding financial years. Any
unutilized CSR allocation fund of a particular year,
will be carried forward to the next financial year i.e.
the CSR budget will be non lapsable in nature.
2. The tax treatment of CSR spent will be in accordance
with the Income Tax Act, 1961 as may be notified by
the central board of Direct taxes.
16. Budget:
The Company Board of Directors shall ensure that in
each financial year the Company spends at least 2% of
the average Net Profit made during the three
immediate preceding financial years
As per section 135 of the Companies Act, the Company
will report reasons for under spending of the allocated
CSR budget of the current financial year in the
template . This reporting will be done Annual Report
and signed off by the Board of Directors.
The Company may collaborate or pool resources with
other companies to undertake CSR activities, through
any non-profit organization, if required.