Based on the report above, the Board of Directors, inquire the following questions from the Company Secretary: XYZ Limited is a large multinational company having its business in India also. It has committed to expanding
CS Professional · CSR and Social Governance · PYQS · June 2025
Based on the report above, the Board of Directors, inquire the following questions from the Company Secretary: XYZ Limited is a large multinational company having its business in India also. It has committed to expanding its corporate social responsibility initiatives in the communities surrounding its plants. The company aims to ensure that its social contribution is meaningful, lasting, and beneficial to the societies it serves. The business wants to make sure that its social impact is significant, long-lasting, and advantageous to the communities it serves. XYZ Limited has decided to undertake various programs such as healthcare services, education efforts, and clean water projects. Explain the different modes of implementation which XYZ Limited can use to implement CSR programs. Also identify how it can disseminate this information to the public ?
Answer & Explanation:
CSR programs, projects or activities of the company may be implemented through following methods: (i) Directly by the company; (ii) Through eligible Implementing Agencies; (iii) Any foundation or body incorporated by the company and eligible to undertake such CSR projects. (iv) in collaboration with other organizations/group companies. While the company can engage suitable Implementing Agencies to undertake approved CSR projects, it may also partner with local governance bodies, such as Gram Panchayats, Civic Bodies, Municipality to directly undertake approved CSR projects with the help and support of these bodies. The methods by which a company can disseminate information to the public about its CSR initiatives are as given below: CSR Policy and activities undertaken are disseminated on the website of the Company for public access and; Published in the Annual Report of the company in the format prescribed under the Act and CSR Rules.
Topics: Corporate Social Responsibility (CSR)
Related Questions in this Topic
- According to the January 2021 amendment, impact assessment is mandatory for companies with a CSR budget of ₹ 5 crore or ...
- Analyse the most important benefits of conducting an impact assessment of a CSR project.
- Companies nowadays adopt CSR not because it is a legal compulsion but also because it helps in increasing their brand va...
- Companies nowadays adopt CSR not because it is a legal compulsion but also because it helps in increasing their brand va...
- State Bank of India (SBI), under Section 135 of the Companies Act, 2013, implements a robust Corporate Social Responsibi...