Referring to the provisions of the Companies Act, 2013 relating to 'corporate social responsibility' (CSR), answer the following: Which activities would not qualify as CSR ?
CS Executive · Company Law · PYQS · December 2016
Referring to the provisions of the Companies Act, 2013 relating to 'corporate social responsibility' (CSR), answer the following: Which activities would not qualify as CSR ?
Answer & Explanation:
Activities which would not be classifies as CSR : The CSR projects or programs or activities that benefit only the employees of the company and their families. One-off events such as marathons/awards/charitable contribution/ advertisement/ sponsorships of TV programmes etc. Expenses incurred by companies for the fulfillment of any other Act/Statute of regulations (such as Labour Laws, Land Acquisition Act, 2013, Apprentice Act, 1961 etc.) Contribution of any amount directly or indirectly to any political party. Activities undertaken by the company in pursuance of its normal course of business. The project or programmes or activities undertaken outside India.
Topics: Corporate Social Responsibility (CSR)
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