A company proposed a list of activities to be carried out as part of its CSR policy: (i) The CSR projects for the benefit of employees of the company and their families only. (ii) A contribution of ₹ 50,000 to a politica

CS Professional · Strategic Management and Corporate Finance · PYQS · December 2024
A company proposed a list of activities to be carried out as part of its CSR policy: (i) The CSR projects for the benefit of employees of the company and their families only. (ii) A contribution of ₹ 50,000 to a political party under the provisions of section 182 of the Companies Act, 2013. (iii) A contribution to the PM CARES Fund during covid pandemic. (iv) Local activities like promotion of child and women education. (v) The company plans to organize a Film Festival ceremony in Switzerland. (vi) The company sponsors activities to gain marketing benefits for its products or services. Whether activities proposed by company were in accordance with provisions of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014?

Answer & Explanation:

List of activities Whether the activities are in accordance with the provisions of the Companies Act, 2013 and Companies (CSR Policy) Rules, 2014 i. The CSR projects for the benefit of employees of the company and their families only. No ii. A contribution of ₹ 50,000 to a political party under the provisions of section 182 of the Companies Act, 2013. No iii. A contribution to PM CARES Fund during Covid Pandemic. Yes iv. Local activities like promotion of child and women education. Yes v. The company plans to organize a Film Festival ceremony in Switzerland. No vi. The company sponsors activities to gain marketing benefits for its products or services. No

Topics: Corporate Social Responsibility

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