Famous law

INTRODUCTION CSR is not a fixed concept but it is a ever changing concept. Different people have different interpretations and approaches to CSR based on goals and values. CSR is also influenced by demands of various shareholders, stakeholders, customers, employees, society etc.  CSR takes on different forms depending on the industry such as supporting social causes, donation to charities, volunteer work, involvement in various social work, creating value for the shareholders and customers. CSR represents a certain commitment for management of social, environmental and economic effects which should be in line with public expectations. This means that a company takes into consideration the effect of its actions and decisions on the environment and well-being and so it aims to operate in such a way that it does not harm the society or the environment. CSR POLICY A CSR Policy states the activities which are undertaken by a Company as per Schedule VII and the amount which is spent on t...

 INTRODUCTION Corporate Social Responsibility ("CSR") was introduced under Companies Act, 2013 ("Act") to ensure that companies contribute towards the growth of society. CSR is a good moral responsibility of every entity but to be safe the Indian Government decided to mandate it by including it under the Act. The Act discusses necessary requirements, disclosure under CSR, modes for conducting CSR, CSR activities etc.  CSR is a concept wherein entities decide to contribute their earnings for the growth and development of society other than making profits. CSR includes the following but is not limited to:- 1. Projects or programs specified in Schedule VII in the Act. 2. Projects or programs undertaken by the Board of Directors to ensure the recommendation of CSR Committee of the Board as per CSR Policy of the company with the condition that such policy covers the subjects mentioned in Schedule VII. ELIGIBILITY UNDER COMPANIES ACT, 2013 Section 135(1) states that every...

Right to Information Act, 2005 was introduced in India as a fundamental right of a person to gain information from government bodies and it replaced Freedom of Information Act, 2002. Under this Act, a public authority has to disclose certain information upon the request of a person unless the public authority has some compelling reason of not doing so. RTI has decreased corruption and mismanagement by introducing transparency and accountability.  As per RTI Act, any Indian citizen can ask for information from any state/central office and such authority has to disclose such information within 30 days from the date of application. There is only one exception that the information sought from the government authority should not relate to defence, personal details or national security. The process for applying for RTI can be done online and offline. RTI India has an official website named " https://rtionline.gov.in/" wherein an online application can be filed by paying a nominal f...