Section 135 of the Companies Act, 2013, required to spend a minimum of 2% of their net profit over the preceding three years .The recent amendments among others has made mandatory for companies to keep unspent money into a special account and will be penalized for slip-ups in spending this quota.What are the benefits of CSR: Corporate Social Responsibility links Corporate Sector to Social Sector Promote Relationship: It enhances the “social quotient” of the company hence help in getting appeal for its product from people.Ex Lifeboy soap success story It imparts an ethical, responsible character to company’s profile, helps it to justify its product, growth and create a distinct aura of company in public sphere. Competitive advantage: Businesses that show how they are more socially responsible than their competitors tend to stand out. 1 towards social welfare gained appeal over other brands.
This in turn leads to socio-economic developmental activities.This appears to be a defect in the browser which should be addressed soon.The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. They have now become obligations that will add to the already stifling compliance burdens that companies face.The ethical dimension behind mandating charity are as follows- o Empowers the communities: ensuring accountability from the corporates for their consumption of resources shared by the communities.
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Presence and involvement of company in CSR activity will provide a soft corner to it in government’s approval, preferences.