| dc.contributor.author | Kaur, Gurveer | |
| dc.date.accessioned | 2018-08-31T04:13:47Z | |
| dc.date.available | 2018-08-31T04:13:47Z | |
| dc.date.issued | 2018 | |
| dc.identifier.citation | Kaur, Gurveer (2018) Corporate Social responsibility and its compliance mechanism with reference to environment protection in India: A case study of National Fertilizers Limited, Bathinda | en_US |
| dc.identifier.uri | http://kr.cup.edu.in/handle/32116/1918 | |
| dc.description.abstract | The concept of Social Responsibility can be traced back into the ancient times. It
was discovered by various scholars that while doing any business transactions
and for the smooth progress of trade and commerce the wider goals of public
interest are taken into consideration. Jesus stated that wealth encourages greed
and selfishness and it does not lead to the true happiness. Today's world is facing
dramatic economic, social and environmental challenges. Business ethics are
gaining more importance in business sector but their goals are an integral from the
societies and environment with in which they operate. The environmentalists have
always been trying to protect the environment from various human actions which
are uncertain in nature. This approach of the environmentalists is in favour of
development of society by adopting industrialization but in a sustainable way.
Industries affected environment more than any other activities, therefore, sociolegal
reforms are being adopted and efforts have been made to enact and amend
various laws. These laws and policies have been made, keeping in view the
problems of the increasing environmental pollution and lessen its effects. Some of
the specific provisions in the laws have fixed the liabilities of Industries and like
organisations to compensate or re-establish the actual or natural situation in the
environment. To deal with those companies section 135 of the Companies Act,
2013 plays a very important role as it states Every company that would have net
worth of Rs 500 crore or more, or turnover of Rs 1000 crore or more or a net v
profit of Rs 500 crore or more during any financial year shall have to constitute a
corporate social responsibility committee with a board consisting 3 or more
directors, out of which one has to be an independent director. The CSR
Committee shall formulate and recommend to the board activities to be
undertaken by the company as specified in schedule VII. The amount of
expenditure should also be recommended. The board should also monitor the
CSR policy of every company. The policy and the activities are to be disclosed on
the company's website.
The board have to make sure that the company must spend at least 2% of the
average net profits of company made during three immediately preceding financial
years for its CSR policy. Company must give preference to its local areas for the
spending of CSR amount. If the company fails to do so, then it must justify its
reasons for not doing so.
To conclude this all an interview was conducted though which it came to
conclusion that National Fertilizers Limited Bathinda is working honestly to fulfil
their responsibility towards society and the work done by them is appreciable. It is
a direct advantage towards society. | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | Central University of Punjab | en_US |
| dc.subject | CSR | en_US |
| dc.subject | Environment | en_US |
| dc.subject | sustainability | en_US |
| dc.subject | laws and policies | en_US |
| dc.subject | NFL | en_US |
| dc.title | Corporate Social responsibility and its compliance mechanism with reference to environment protection in India: A case study of National Fertilizers Limited, Bathinda | en_US |
| dc.type | Master Dissertation | en_US |
| dc.contributor.supervisor | Chauhan, Deepak K. | |
| dc.identifier.accessionno | T00708 | |
