{"id":2051,"date":"2017-10-31T17:00:34","date_gmt":"2017-10-31T17:00:34","guid":{"rendered":"https:\/\/swaritadvisors.com\/?p=2051"},"modified":"2019-06-13T18:20:35","modified_gmt":"2019-06-13T12:50:35","slug":"corporate-social-responsibility","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/","title":{"rendered":"Corporate Social Responsibility U\/S 135 of Companies Act, 2013"},"content":{"rendered":"\n<p>Every organization or business owe to the society they operate which is known as Corporate Social Responsibility.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a5eefd079e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a5eefd079e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#What_is_Corporate_Social_Responsibility_us_135_of_companies_Act_2013\" title=\"What is Corporate Social Responsibility u\/s 135 of companies Act 2013?\">What is Corporate Social Responsibility u\/s 135 of companies Act 2013?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#Who_are_the_eligible_Companies\" title=\"Who are the eligible Companies?\">Who are the eligible Companies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#What_are_the_Compliances_required\" title=\"What are the Compliances required?\">What are the Compliances required?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#What_is_the_Advantage_of_the_CSR\" title=\"What is the Advantage of the CSR?\">What is the Advantage of the CSR?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#Society_gives_the_License_to_Operate\" title=\"Society gives the License to Operate:\">Society gives the License to Operate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#Communities_as_Suppliers\" title=\"Communities as Suppliers:\">Communities as Suppliers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#Attracting_and_Retaining_Employees\" title=\"Attracting and Retaining Employees:\">Attracting and Retaining Employees:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#Enhances_the_Reputation_of_the_Enterprise\" title=\"Enhances the Reputation of the Enterprise:\">Enhances the Reputation of the Enterprise:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/corporate-social-responsibility\/#Service_provided_by_us\" title=\"Service provided by us:\">Service provided by us:<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Corporate_Social_Responsibility_us_135_of_companies_Act_2013\"><\/span><strong>What is Corporate Social Responsibility u\/s 135 of companies Act 2013?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"http:\/\/www.mca.gov.in\/MinistryV2\/companiesact2013.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Companies Act 2013<\/a> has introduced a new concept called Corporate Social Responsibility (CSR). CSR is merely moral obligation that the corporate world owes to the society. The act has mandated certain classified companies to contribute towards society.<\/p>\n\n\n\n<p>The corporates use the valuable resources provided by the Society for its operations, hence the corporates should act as trustees towards the society and ensure the welfare of the society.<\/p>\n\n\n\n<p>CSR is not any donation or charity rather it is an obligation of the corporate towards the good of society.<\/p>\n\n\n\n<p>CSR should be used to integrate social, environmental and economic objectives with the business operations and goals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_the_eligible_Companies\"><\/span><strong>Who are the eligible Companies?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The provisions of the CSR applies to both Public and <a href=\"https:\/\/swaritadvisors.com\/private-limited-company-registration\" target=\"_blank\" rel=\"noopener noreferrer\">private limited company<\/a> including their holding and subsidiary companies and foreign companies who have offices in India and satisfy any of the following limits:<\/p>\n\n\n\n<ul><li>Company having net worth of Rs 500 crore or more; or<\/li><li>The company having a turnover of Rs. 1,000 crore or more; or<\/li><li>The company has a net profit of Rs. 5 crores.<\/li><\/ul>\n\n\n\n<p>The CSR provisions apply to a company on year to year basis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Compliances_required\"><\/span><strong>What are the Compliances required?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every Company who satisfy the stated limit shall constituting a Corporate Social Responsibility Committee of the Board of Directors; and<\/p>\n\n\n\n<p>Such Company shall have <a href=\"https:\/\/en.wikipedia.org\/wiki\/Corporate_social_responsibility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CSR Policy<\/a> indicating the activities to be undertaken by the company; and<\/p>\n\n\n\n<p>Such Company shall contribute in every financial year, at least two percent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of the CSR Policy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Advantage_of_the_CSR\"><\/span><strong>What is the Advantage of the CSR?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Society_gives_the_License_to_Operate\"><\/span>Society gives the License to Operate:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Society is also considered as one of the stakeholders in recent time. Engaging in strong CSR activities will meet the aspirations of the society and will provide the companies with a license to operate socially.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Communities_as_Suppliers\"><\/span>Communities as Suppliers:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Many companies have started engaging in such CSR activities; wherein the companies are increasing the livelihood in the community by making them a part of the supply chain.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attracting_and_Retaining_Employees\"><\/span>Attracting and Retaining Employees:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>CSR encourage the employees and also helps corporate to retain employee which in return helps to increase the morale of the company.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Enhances_the_Reputation_of_the_Enterprise\"><\/span>Enhances the Reputation of the Enterprise:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Companies who engage in CSR activities, reap the traditional benefits of generating goodwill for themselves and creating a positive image in the eyes of the community. This allows the enterprise to present itself as a responsible body corporate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Service_provided_by_us\"><\/span><strong>Service provided by us:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Companies Act 2013 mandated to comply with the provisions of the corporate social responsibly. The company shall have CSR committee inboard and CSR policy in accordance with the Act.<\/p>\n\n\n\n<p>We provide the following services with respect to CSR:<\/p>\n\n\n\n<ul><li>Planning for CSR activities<\/li><li>Drafting of CSR Policy<\/li><li>Finalise the CSR investments<\/li><li>Policy with the tax-efficient mechanism<\/li><li>CSR implementation in the organization and progress report.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Every organization or business owe to the society they operate which is known as Corporate Social Responsibility. What is Corporate Social Responsibility u\/s 135 of companies Act 2013? Companies Act 2013 has introduced a new concept called Corporate Social Responsibility (CSR). CSR is merely moral obligation that the corporate world owes to the society. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[96,97],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2051"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=2051"}],"version-history":[{"count":4,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2051\/revisions"}],"predecessor-version":[{"id":4914,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2051\/revisions\/4914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/2052"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=2051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=2051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=2051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}