advancement for a police officer or officers in exchange for not pursuing or

Advancement for a police officer or officers in

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advancement for a police officer or officers in exchange for notpursuing, or selectively pursuing, an investigation or arrest.Judicial corruption refers to corruption related misconduct of judges,through receiving or giving bribes, improper sentencing of convictedcriminals, bias in the hearing and judgement of arguments and othersuch misconduct.These all are the types of public corruption and PREVENTION OFCORRUPTION ACT applies to public officials.Corruption by business firms refers to the corruption done by the privatecorporate or the businessman. IPC sec-120B for corruption is applicable forcorruption by business firmsPrivate sector corruption calls for a three-pronged approach. Firstly,companies can take internal steps to prevent it. They need a zero-tolerancepolicy towards bribery and corruption. And it must be enforced throughspecific anti-corruption measures.companies also need an honest operating environment. So, we must makesure that governments enforce international anti-bribery laws andconventions. This protects companies from corruption across borders anddown supply chains.We need to help make sure these approaches are effective. This means moretransparency from everyone involved with markets. Then we can holdbusinesspeople to account for their actions. We must call on companies andthe institutions that regulate them to report their finances and actionsopenly. This shows staff, investors, and consumers that they’re committed toclean business. And it creates the environment of trust that’s mostprofitable.Question 8: What is corporate lobbying?Answer 8: Basically, lobbying is for individual benefit. When a corporate ororganization is changing the policy or the plan for their own benefits that is
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known Corporate lobbying. But when so many good corporation came forthe noble cause that is not comes under corporate lobbying because theyare changing the policies for the noble cause not for the individual benefits.Question 9: What is CSR (Corporate Social Responsibility)?Answer: Initially companies were paying CSR by their own willing but afterincorporating into Corporate Act, now the companies who are fulfilling thecriteria are forced to pay CSR.Applicability: Section 135 of the Companies Act provides the threshold limitfor applicability of the CSR to a Company i.e. (a) net worth of the companyto be Rs 500 crore or more; (b) turnover of the company to be Rs 1000 croreor more; (c) net profit of the company to be Rs 5 crore or more. Further asper the CSR Rules, the provisions of CSR are not only applicable to Indiancompanies, but also applicable to branch and project offices of a foreigncompany in India.CSR Committee and Policy: Every qualifying company requires spending ofat least 2% of its average net profit for the immediately preceding 3financial years on CSR activities. Further, the qualifying company will berequired to constitute a committee (CSR Committee) of the Board ofDirectors (Board) consisting of 3 or more directors. The CSR Committee
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  • GK
  • Law, Government, CSR Committee, Corporate social responsibility

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