GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the section of Corporate Social Responsibility?
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Suppliers
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Creditors
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Professional institutions
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All of the above
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Explanation:
Detailed explanation-1: -The Companies Act, 2013 provides for CSR under section 135. Thus, it is mandatory for the companies covered under section 135 to comply with the CSR provisions in India. Companies are required to spend a minimum of 2% of their net profit over the preceding three years as CSR.
Detailed explanation-2: -Philanthropic, economic, legal and ethical.
Detailed explanation-3: -Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and the environment. CSR helps both improve various aspects of society as well as promote a positive brand image of companies.
There is 1 question to complete.