CSR

CSR

Corporate Social Responsibility

How much do you know about CSR ?


In India, the concept of CSR is governed by section 135 of the Companies Act, 2013,which was passed by both Houses of the Parliament, and had received the assent of the President of India on 29 August,2013. The Act encourages companies to spend at least 2% of their average net profit in the previous 3 years on CSR Activities.

The CSR provisions within the Act is applicable to companies with:

1000+

Annual turnover of 1,000
crore INR and more

500+

Net worth of
500 crore INR and more

5+

Net Profit Of 5
crore INR and more

Methods of Implementation :

  • Directly on its own
  • Through its own non-profit foundation set- up so as to facilitate this initiative
  • Through independently registered non-profit organisations that have a record of at least three years in similar such related activities
  • Collaborating or pooling their resources with other companies

CSR- How it works ?


The total book value of your electronic assets get directly converted into your contribution towards CSR i.e. environment friendly activity as per Companies Act 2013. Over and above that any payment you make to us towards E waste Management can also be held as expenses made towards CSR.

A brief study on how it actually works

Purchase Values

Note:Please note the scrap value of any material is generally less than its depreciated residual book value. Also please note that as per the Companies Act, 2013 the book value of any e-waste can never be less than 5% (Minimum Residual Value) of the purchase value of the product.

Declaration for CSR

Declaration for CSR