Our e waste recycling initiatives help you meet your CSR targets. Donate your electronic waste to us, and we will, in turn, adjust that in your CSR goals.
The term “Corporate Social Responsibility (CSR)” can be referred to as corporate initiative to
assess and take responsibility for the operational setbacks on the environment and impact on
social welfare. 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 companies on whom the provisions of the CSR shall be applicable are contained in Sub
Section 1 of Section 135 of the Companies Act, 2013. Thus, companies
having a net worth of INR 500 crore or more, or an annual uncover of INR 1000 crore or more; or generating a net profit of INR 5 crore or more during any financial year shall be required to constitute a Corporate Social Responsibility Committee of the Board “hereinafter CSR Committee” with effect from 1st April, 2014.
Donating and recycling your e waste with Hulladek can help a company in its corporate social responsibility initiatives. Here’s how:
1. When you donate your e waste to Hulladek Recycling, you are technically writing those items off as scrap disposal in your books. Thus, you will be charged no tax on them.
2. CSR activities can be of various types. In our case, when you donate your e waste to us, the total book value of the electronic assets collected from you get directly converted to be your contribution towards CSR as an environment friendly activity, in compliance with Companies Act 2013. This value is then adjusted in your total CSR target value.
3. Over and above that, any other payment made towards Hulldek Recycling which supports its efforts in e waste management as a business can and will also be held as expenses made towards CSR.