The question asks to identify the year when Corporate Social Responsibility (CSR) was mandated.
Determining Mandatory CSR Year
Corporate Social Responsibility (CSR) refers to a business's commitment to ethical practices and contributing to economic development while improving the quality of life of the workforce, their families, the local community, and society at large.
Reviewing the provided options, the year when CSR was made mandatory is indicated.
- Option 1: 2010
- Option 2: 2014
- Option 3: 2015
- Option 4: 2013
Based on the correct answer provided, the year CSR became mandatory is 2010.
Final Answer Identification
The mandatory implementation of Corporate Social Responsibility (CSR) is associated with the year 2010 among the choices given.
Important Questions from Corporate Social Responsibility (CSR)
What is the minimum prescribed net profit threshold for Companies to be required to undertake Corporate Social Responsibility activities under clause 135 of the Companies Act, 2013?
Which of the following changes was introduced in 2024 under the Companies Act amendments to enhance corporate social responsibility (CSR) transparency in India?
What is the 'Triple Bottom Line Approach' in CSR as mentioned in the passage?
Given below are two statements :
Statement (I): CSR is a holistic and integrated management concept whereby companies integrate their industrial and future objectives with their business objectives.
Statement (II): In this modern digitalized world, business are required to be mindful both in terms of what they are doing and how they are doing.
In the light of the above statements, choose the most appropriate answer from the options given below:
What is the consequence for companies that fail to most the CSR spending requirement as per the new amendments?
