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security Guard
Business

Qualities of a good security Guard

by Sudarsan Chakraborty 28 May 2020

From armed robbery, shoplifting to even other cases like drunken brawls, security remains at the core of any business.  Manned guarding helps in ensuring that businesses run smoothly without incidences. With a perfect security system in your business, the employees will enjoy a safe environment and you can expect efficiency and high productivity. Your customers as well feel secure while doing shopping with you and are likely to spend more time on your premises and keep coming.

Not every security guard is perfect for you, and that’s why you have to be careful when choosing one. Continue reading and find out qualities that you need to look out for when hiring a security guard

Check out their training

A college degree though a requirement is not enough. A security guard must have gone through some security guard training. The training gives them a better understanding of dealing with security matters and assurance that the guy won’t be a liability to your business. In the training, they handle different subjects like search and seizures, emergency procedures, the power to arrest, and such important matters. Here, you need to get someone who has in-depth training in more sophisticated crimes like terrorism, firearm usage, and crowd safety.

Clear criminal record

As part of the requirements, demand to know whether the security guard is licensed or has a guard card. Before obtaining the license, the officer must have gone through fingerprinting and pass through a criminal background check. This will help you keep off criminals who may be masquerading as security guards.

Work experience

You don’t need a guard who will use your business premises as the training ground. That is why you must find out the experience they have. Do they have any experience in law enforcement of the military? With such experience, you know they have the skills in the use of firearms. The ideal candidate should also know about making observations and filing reports.

Physically fit

Working as a security guard is not an office job, it involves a lot of walking, standing, and where need be-running.  Sometimes, the guard will be required to restrain an individual from entering the premises and this means that they’ve to be physically fit. Thus the candidate must undergo some medical examination to ascertain that they’re fit for the job.

Honesty

Matters security is critical and requires someone who can tell the truth as it is. You will know an honest individual during the interview- ask them questions on a variety of questions including irrelevant subjects. An honest person will answer what they know and they will be ready to tell you what they don’t. Having an honest person doing manned guarding in your business will ensure no lapses.

Get an excellent communicator

For maximum security, there is a need for efficient communication; you need a guard who knows where to report, how to package information and one who can manage information. Timely communication will protect the business from incidences of insecurity and ensure a smooth flow of affairs. That is why the guard must have perfect communication skills.

Manned guarding is the perfect way to ensure that your business, employees, customers, and other visitors are secure. Thus, you must get a security guard from a company that has been in the security business for years and whose guards have the best training and experience.

28 May 2020 0 comment
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marketing-image
Business

Boost Your Business with these Marketing Trends

by Sudarsan Chakraborty 19 May 2020

Marketing is dynamic. This means that marketers belonging to every industry have to struggle hard to stay on top.

You must be familiar with the most recent, topics, trends, and tools. Remember that timing is the essence here. So, if you believe that the 2019 trends will suffice, congrats, you planned your doom.
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Here are the latest marketing trends that you should embrace:

Personalized Communications

However, you manage it, but do personalize your communication with your clients and potential customers. The easiest way is to hire an individual to answer queries and reply to comments. Give him access to the Spectrum Internet deal (as you don’ have to deal with internet outages). And your job’s done. You might think that having access to Internet 24/7 is not essential. If so, you are underestimating the power of instant replies. People appreciate them.

If you succeed in personalizing your replies, you will move a step closer to customer retention. Apart from this, consider indulging in conversations with your clients or initiate one. You will notice the difference yourself.

Superior Websites

Clunky and unappealing websites did not make it to 2020. If your business still has one, time to make a new one. No need to worry if your website lacks what it takes to make it to the top. Millions of templates and themes are now available online. Even if you do not want to spend thousands of bucks on hiring an individual who can make the website for you. Create your professional website using the themes available.

However, if you become a popular business, all eyes will be on you. This means that people will also judge your website. Often, they will also try to figure out the amount that you spent on it. The available themes will not be able to save your image. As they are not original. To avoid any such inconvenience, you should hire someone to make an original and unique website for your business.

High-Quality Content

Writing average content and hoping to please the readers – an obsolete practice. The viewers are more aware than ever. Besides, they look for original and high-quality content as a blogger that sets you apart from others. Failing to do so means you will not be able to please your customers. I agreed that not all content is equal. But you should put to learn about the type of content that aids in engaging your customers the most.

Content that you create for the sake of mere attraction of customers will do your business no good. It generates little value and puts the label of unprofessionalism on your business. Create content that has substance and a purpose.

B2C OR C2C businesses might be able to get away with average quality content but it won’t suffice in B2B dealings.

Video Content

Video content is always better than written one. People are lazier than ever. They do not want to spend minutes, let alone hours to understand the usage of a product. Under such circumstances, videos are your best friend. Not only are you able to get the message across in greater detail, but it also requires a few minutes of content to explain things better. The physical demonstration also enables the viewers to understand things better.

Creating tutorials, demonstrating the usage in-depth, and promoting upcoming launches, is all possible through video content. Live streams help businesses to engage with their customers in real-time and answer any of their queries instantly.

Chatbots

Chatbots are multiplying at a greater rate than human reps. Making the best use of AI, companies no longer rely on human power to respond to the customers. The AI-powered chatbots do so. There are many advantages to doing so. Chatbots can deal with more than one customer at one time, they can operate 24/7 and the business does not have to pay them a monthly wage. All of which is not possible with humans working as reps.
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This helps to save time for your customer service team. They can utilize the saved time elsewhere. Therefore, if you haven’t already, shift to chatbots.

Email Marketing

Email marketing is not coming slow. It is still one of the most lucrative forms of marketing. The trend will remain the same for email marketing in 2020 as well. Make the best out of it and up your email marketing game.

Do not forget that you will receive thousands of emails in response that you will have to reply to. Dedicate a team for that. If you have subscribed to Optimum plans or any other good Internet service provider, you won’t have to worry about the lag in replying as well.

19 May 2020 0 comment
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employees
Business

How to Protect Employees from Identity Theft

by Sudarsan Chakraborty 19 May 2020

When hiring an employee, the employers take a huge amount of personal information including their SSN, driver’s licenses, birth dates, health data, investment, and financial account data, emails, and so much more. All the data is stored securely by the organization. However, identity thieves deploy various methods like cyber attacks and try to breach this data. The data can then be used by any of your competitors to woo your employees into leaking your trade secrets or any other sensitive information. They can also use the information to just harm your business for seeking revenge.

An identity theft attorney can no doubt help you to come out of any concern related to identity theft. However, as a responsible employer, it is important for you to keep your employees safe from such thefts, thereby safeguarding your business. If you are confused about what you can really do to protect your employees against identity theft, here is the right guide for you.

3 Ways to Keep your Employees Safe from Identity Theft

It is a matter of fact that you do not want to face a breach of data and call an identity theft defense attorney. So, here are some of the effective and efficient methods you can use to keep away the identity theft of your employees.

  • Leverage Storage Protocols

As a good employer, you must have strong protocols for the proper collection, sharing, storage, handling, and tracking of employee data. While dealing with the sensitive personal data of your employees, it is important for you to be careful and check how the data is being handled. Check how the information is stored and scrutinize the intake forms. It will also be wise to store different kinds of data in different locations rather than storing everything in a single place. Doing this will not let the data get easily accessed in the course of a potential breach. Having an Authorized Use Policy or creating tiered permission can be of great help too.
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Furthermore, you need to keep in mind that it is not only the digital data that can be stolen or breached. You should not forget the fact that even paper files are equally vulnerable to get breached. Employers should know where and how to store physical documents carefully and securely. They should also consider discarding the paper documents, which would not be of use any longer.

  • Offer Proper Education

Businesses invest huge capital in the latest and most powerful cybersecurity technologies but fail to leverage enough resources in educating their employees about proper cybersecurity procedures and practices.

As an employer, it is very essential on your part to teach your employees the ways to identify malicious phishing emails or other digital materials, which may contain potential malware. Training sessions on not easily trusting the source of a received email, identifying requests for sensitive personal data, and scrutinizing a greeting can help them in protecting their data and keeping themselves safe from identity theft.

  • Monitor Temporary Workers Closely

It is a matter of fact that getting a job as a temporary employee in an organization is a common and very effective way to access the data files of the employees. The temporary positions are usually short, which is ironically long enough for grabbing the sensitive data of the employees of a company and disappearing.

In general, candidates seeking temporary employment are not known to the organization and are provided access to the office systems without needful background checks, which are otherwise done while hiring candidates for permanent positions. However, it is very crucial for the companies to ensure that they only hire temporary workers, whose background checks are thoroughly done and are clear.
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Furthermore, employers should also closely monitor the activities of their temporary employees.

The Final Words

Reevaluating the cybersecurity defense of your company isn’t too late yet. It is very important for you to reconsider your organization’s cybersecurity model and take proactive steps against potential identity theft of your employees and you can start with this right now. You need to raise awareness in your company, especially among the employees who have access to sensitive private information. This can, in turn, build an environment to scrutinize where your employees are alerted to malicious or dubious activities. An environment with procedures and awareness and effective controls and oversight can help in safeguarding even the most delicate information of your employees and keeping your overall business security.

Although the above list is not too comprehensive to include all the methods an organization can incorporate to safeguard the data of its employees, abiding by these steps can surely ensure that companies are serious about the sensitive information of their employees. That said, if by any chance you face a case of identity theft inside your organization, you should immediately consult a reputed fraud defense attorney for the right advice and guidance.

19 May 2020 0 comment
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ISO-27001-Certification
Business

Importance of ISO 27001 Certification during the presence of COVID-19

by Sudarsan Chakraborty 17 May 2020

Are you using a Smartphone?

Do you use the internet and access the websites on the network?

Yes, You would be doing all this because now, The world has gone on the internet where all the data is shared and saved. And the information you shared can be accessed by others. It means the third party can access your information on the network or save your data to their system.

 People on the internet can steal your data from your phone or the device that you are using. These people can be called hackers, and if they are taking your data, then there might be something that you are losing.
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For a common man, it can be nothing, but many of the people involved in a business or national security are curious about the data. Some people share precious data that is necessary for their organization or business or even the nation. So it should be secured, and proper privacy should be maintained while sharing the data so that any third party should not access it.

 So here, ISO 27001 plays an important role. It means that the article will be all about ISO 27001, where we will discuss the importance of ISO 27001 Certification.

So what is ISO 27001 Certification:-

The ISO 27001 Certification is one of the best certifications developed by the International Organization for Standardization(ISO) to secure information and maintain privacy and confidentiality. Hackers can hack any system, and we should take precautionary measures to avoid the hacking of our system. This standard provides strict guidelines to prevent the data from hackers and maintain the confidentiality of the information.
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As the whole world is using the internet and some of the organizations, businesses have sensitive data that can be shared with the known person.

Importance of ISO 27001 Certification:-

As stated above, the world is using the internet, and all businesses are transforming their business from traditional to digital. In this situation, organizations can have a significant threat from hackers as they can steal their precious data and leak it. And as the pandemic ie, COVID-19, the disease is infecting the people, the people also prefer the digital world. People have moved on to use the internet without knowing anything, so all ISO certification standards can help people to avoid being hacked.

Conclusion:-

The ISO 27001 Certification requires strict guidelines, and by following this standard, the organizations can maintain security and privacy in their organization. The organization’s data sharing, saving, or creating can be secured by following the rule of ISO 27001 Certification. Hence the ISO 27001 Certification can be the best investment for the organizations and businesses that are moving to digital entrepreneurship.
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17 May 2020 0 comment
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the best meat grinder
Business

How to select the best meat grinder?

by Sudarsan Chakraborty 17 May 2020

The butcher shop consists of a series of equipment that is essential to assist in the production, preparation, and sale of products in this sector. Choosing the best meat grinder machine for your store is ensuring excellent results and, above all, preventing problems from happening. Thus, in this text, we will explain how to choose a meat grinder.

Among the people who produce artisanal sausages, some prefer to prepare meat at the tip of the knife, and those who choose to use a good meat grinder to make sausage. Both methods, of course, are capable of guaranteeing great products.

The butcher meat grinder

As its name defines, the equipment is responsible for the production of ground meat. This means that it grinds large pieces of meat, transforming them into small quantities.

This equipment is one of the main ones in the butcher shop since ground beef is one of the biggest responsible for sales. It is essential to understand and evaluate some characteristics that define the quality and capacity of the equipment.
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Here’s what should be analyzed:

1. The meat grinder for butchery can be electronic or manual

On the market, it is possible to find stuff that has two types of protection: electronic and mechanical.

When we talk about protection, it is essential to highlight NR12. NR12 is the standard that controls the security of this type of equipment and checks whether it offers security to users. Thus, it is impossible to think of a machine of this size that does not have the mechanisms that are mandatory for safety. So, first of all, both electronic meat grinders and mechanics must follow NR12 standards.

Electronic models are the most used by large networks and are better accepted by inspectors and by almost all the rules of Brazilian states. This equipment has a protection system based on locking sensors; these mechanisms are prepared to close the operation when the machine is misused.

On the other hand, the Best electric meat grinder for mechanical butchers is the most suitable for the type of raw material (meat) and has a more affordable price. The protection of this equipment works according to its parts, the production of the machine is made with measures that prevent members of human beings from having access to critical components of machinery, such as the engine. Thus, accidents are avoided by reducing the space at the entrance of products.

2. Parts are essential for proper functioning

there are grinders built with two types of materials: partial stainless and total stainless. Stainless steel is the cheapest equipment; this type of content is more susceptible to the action of time; that is, it is more likely to suffer from rust. On the other hand, the total stainless steel provides a safer investment for the retailer, as it is a more durable material with better finishes.

The main component of a meat grinder for butchers is the engine. When choosing a piece of equipment for your store, you must look carefully at the quality of this piece. Generators that have no guarantee of operation and that are not recognized in the market tend to present defects quickly and allow the meat to be milled.

Also, it is necessary to certify that original spare parts are available, to research the authorized service locations, and the ease of finding repairs. They are keeping you from making a significant investment and keeping the machine in your storage.

Conclusion

Finally, the retailer must understand the needs of his store. Choose the product according to the store’s demand and the movement that is presented in your store’s butcher shop. Supermarkets that have a lot of movement and look for meat must have more modern equipment and be prepared to receive a lot of action.

Butchery equipment must be chosen very carefully and with great professionalism. Having the help of a qualified and prepared company to guide the retailer guarantees the right choice.
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It also ensures compliance with NR12 and, even more importantly, prevents the company from suffering fines and fines and accidents on its premises.

Following these guidelines is an excellent way to be more sure when choosing a meat grinder for online butcher. stay connected for more tips and tricks.

17 May 2020 0 comment
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business
Business

Ways to Improve the Efficiency of Small Business

by Sudarsan Chakraborty 17 May 2020

In this article, I want to show simple but real ways to improve business performance. In the article we dealt with two, it seems to me, the main factors affecting the efficiency of production in small business. Optimization of other factors is also important and requires constant attention. 

Just like if you have an email marketing agency and you want to improve its performance then we need to focus on the following factors. However, I do not want to bring the well-known commonplace about the need to save energy resources, use energy-saving technologies in production, optimize transportation costs, and rent a production room with a minimum rent.

Introduction

I want to repeat the above already repeatedly that all the funds saved from improving the efficiency of all components of the production process will replenish your profits. Therefore, you should use all possible ways to improve the efficiency of your business.

 It should also be said about the interconnectedness of many factors of cost reduction among themselves. For example, increasing the number of parts manufactured at a time, we reduce the complexity and get the opportunity to reduce the price of the material. On the other hand, by modernizing the technological process and getting rid of some equipment, we, making a profit from the sale of equipment, reduce energy consumption.

 I want to illustrate all of the above with an example from my practice. One of the enterprises that I created was a furniture factory that specialized in the production of upholstered furniture. I created it, as they say, from scratch and gradually increasing production, brought it to quite decent size and a efficient enterprise.

Ways to increase efficiency from our own practice

Initially, my business produced analogs of already known products. However, from the very beginning, the main emphasis was on the specialization of production processes. What usually consists of upholstered furniture, for example, a sofa? First, from a wooden frame, spring blocks, polyurethane foam gaskets, and upholstery from fabric or leather, armrests.

Therefore, initially, I allocated the manufacture of frames in a separate workshop and began to produce them not only for myself, but also for other factories that did not have a carpentry workshop. In addition, sometimes for other factories it produced much more than for itself. In a short time, this workshop grew from one employee to 5-6 full-time employees and was the most profitable in the entire enterprise.

I will give just a few examples that are encountered at every step and how, by correcting simple mistakes, you can significantly increase the efficiency of your business. 

Wrong or unspecified task setting for employees


Moreover, not only skilled workers. I have seen in some businesses how long and painfully the workers thought what was required of them, and then long and painfully searched for materials and tools to carry out the assignment. At least half the time spent on the task wasted idly. Moreover, how many such days are in a month? It is easy to calculate the loss for a month and for a year. In addition, if the businessperson considered this, he would not complain about the fate and inefficiency of his business.

The truth seems to be common – tasks must be issued specific and provided with the proper resources for their implementation. An employee at his workplace must fulfill his immediate duties.

Holding lengthy meetings or conversations related to production

Some executives think that by holding meetings with a sufficiently large number of employees, they increase their status and their authority. When you don’t call such a business, the answer is almost the same – sorry, I have a meeting now. I even started to think that it was an excuse that they did not want to talk. Then he was convinced that they endlessly confer. In addition, they do not get how much they lose on this. I find small business meetings a complete waste of time. As far as I remember, I have never held a meeting in any of my business. In addition, I think that I saved a lot of money on this. In small business, meetings, all kinds of meetings should be excluded.

Choose the right business name

The wrong name of a small business leads to significant losses in its effectiveness. Many believe that this is a more important issue for service businesses (cafes, restaurants, hairdressers). However, this is far from the case. Moreover, for manufacturing businesses, this question is very important. If the name of a small business that produces high-quality products fits well by ear and is well remembered, then its products are much more in demand. Sales are rising. In addition, of course, the efficiency of small businesses is growing.

In addition, a sonorous name, in addition to a quality product, allows you to create your own brand over time. In addition, branded goods and services sell much better, and their prices can be higher than that of unnamed goods. As you can see, this rather simple question can significantly increase the efficiency of a small business; give an impetus to its rapid development.

Inability, unwillingness or fear to work with partners

I do not mean partners in my own business, but partnerships with other small businesses. I do not know for what reason for the aforementioned, but the mutually beneficial partnership of small businesses has a great potential for increasing efficiency, for additional earnings.

17 May 2020 0 comment
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business
Business

What is Business optimization or growth?

by Sudarsan Chakraborty 16 May 2020

If your business has existed for at least 2-3-4 years, then you can certainly say that you have passed the critical path of survival and have proven your worth. This is very good because most cannot pass this hole. However, the question arises – what next? Business optimization, growth, or something else?

Business optimization, inaction, and scaling

In my opinion, there are fundamentally 3 directions in which an established business can move. Of course, the classification can be carried out in different directions – we will consider from the point of view of the organizational development of the enterprise.

The first is the optimization of business process management and risk reduction:

I suppose that now your business is still full of unsolved problems, many risks (legal, human, financial). Somewhere you hope for the adequacy of people, somewhere on the “so accepted”, somewhere on the fact that you will be noticed (or not noticed), somewhere on the universally working “maybe”.

It is likely that you are choosing the path of continuous iterative optimization of business process management. You reveal your “broken windows” and patch them on the go. Thus, your business is gradually reaching a new level of quality due to small steps in this direction.

How to do it? The simplest is automation and innovation. Automation is done through the implementation of CRM or ERP. About creating your own CRM.

For innovations, you must constantly move them, because there will be a natural inert resistance in the organization. If your business is agricultural related then farmtrace is the best way to move forward with the process and supply chain management.

There are other more targeted means, but, in general, most of them can be attributed to these two categories.

The second is to do nothing

Why not. The business works, it does not ask for much food. You can just leave for 3 months to rest … then come and start all over again.

The fact is that it is very likely that without your participation and adjustments, things will quickly leak. My deep conviction is that everything moves either up or down. Nothing stands still. You become either stronger or weaker.

If you do not take action, then most likely someone else will do these actions for you.

This option is only possible if you have a strong executive director and you trust him completely. However, even in this case, you should at least keep your finger on the pulse.

The third is to scale

This is the most difficult option. If you take the analogy with fitness or bodybuilding – this is a set of masses. This is the maximum stress for the body (compared to working on the relief). Any rapid business growth is accompanied by risks and possible problems.

You can grow in different ways:

In breadth – we do the same, but we provide more orders, and more people are needed to service these orders.

Up – we offer new services, we expand our line of services. New services require new competencies, if you plan to grow at the expense of new services, and then get ready to introduce completely new processes, to new rakes, to new approaches. Not the fact that what worked for you will work in terms of new services.

New types of customers – Serving one group of people or companies, and now you will serve other groups. For example, we served individuals, and now we are working with companies. Or another example – we worked in the Russian Federation, now we are working with Europe.

Transformation is the provision of an old service, but in a new way – This can be a joint work with partners, the use of new technologies (for example, an independent order by a client through a personal account on the site).

Each of us knows about such a thing as my income ceiling, and each one has his own. It is the growth of the enterprise that drives this ceiling. No business optimization dramatically changes the ceiling, but it is needed to ensure this possible growth, and not turn it into a disaster.

Any rapid business growth is accompanied by risks and possible problems:

Imagine that you are producing pans and you have a quality problem. If you begin to grow actively, you will only exacerbate this problem. It is important to find the right time to manage your business growth.

That is all. What you need is to understand what direction you have chosen. Analyze your business development strategy. Are there any side effects that you did not take into account? In the next article, we will just consider one of the options for strategic business development based on working with partners.

16 May 2020 0 comment
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Corporate-Social-responsibility
Business

Corporate Social responsibility for companies

by Sudarsan Chakraborty 16 May 2020

What is Corporate Social Responsibility for MCA registered Companies in India?

The term “Corporate Social Responsibility (CSR)” can be referred to as social welfare as a corporate initiative to assess and assess the impact on the company’s environment.

The term “CSR” generally applies to the efforts of companies that may require regulatory or environmental protection groups.

As companies use natural resources to make products, they promote pollution and fill their pockets, But various people living in the society have to bear the brunt of this bad pollution, Due to the productive activities of these companies, they have to use polluted air and water.

 But these affected people are not given any direct compensation from the companies.

For this reason, it has been made mandatory for companies across the world, including India, to contribute a part of their income for the welfare of the people who have caused them inconvenience. This is know as Corporate Social Responsibility (CSR).

Who comes under corporate social responsibility in India?

The rules of Corporate Social Responsibility (CSR) in India come into force from 1 April 2014. Accordingly, companies whose annual net worth is Rs. 500 crore annual income Rs. 1000 crores or Rs. 5 crores per year, then it is necessary to spend on CSR.

This expenditure should be at least 2% of the average profit for three years. As per CSR rules, the provisions of CSR apply not only to Indian companies that have Company Registration with MCA but also to a branch of a foreign company in India and the project office of a foreign company.

Can the expenditure towards temporary staff specially appointed by the company to implement CSR activities be included in the expenditure prescribed for CSR activities?

CSR employees are paid regular salaries as well as employees of companies providing their services for CSR will be given a share of administrative overheads and total CSR spending as per Rule 4 (6) of CSR Policy, in Rule 2014 Must not exceed 5%.

Can a company’s CSR expense be claimed as a business expense?

The amount spent by a registered company towards CSR cannot be claimed as a business expense. The Finance Act, 2014 provides that any expenditure incurred by an assessed on activities related to corporate social responsibility specified in section 135 of the Companies Act, 2013 will not be treated as expenditure incurred by the assessed for business and professional purposes.

What tax benefits can be availed under CSR?

No special tax exemption has been increased more than CSR expenditure.

The Finance Act, 2014 also clarifies that expenditure on CSR is not a part of business expenditure.

We can see there is no special tax exemption on expenditure incurred on CSR, various activities such as contribution to Prime Minister’s Relief Fund, scientific research, rural development projects, skill development projects, agricultural extension projects, etc. which find a place in Schedule VII, Already enjoy exemption under various sections of Income Tax Act, 1961.

Which activities would not qualify as a CSR expense?

  1. CSR projects or programs or activities that only benefit the employees and their families of the company will not be considered as CSR activities as per Section 135 of the Act.
  2. Unilateral programs such as marathons/awards / charitable contributions/advertising/sponsorship of TV programs will not be carefully qualified as part of CSR.
  3. Expenditure incurred by companies for the fulfillment of any act/regulation (e.g. Labour Law, Land Acquisition Act, etc.) will not be counted as a CSR carefully under the Companies Act.
  4. Contribution of any amount directly or indirectly to any political party will not be considered as CSR activity.
  5. Activities are undertaken by the company in pursuance of its normal course of business.

Can a company donate money to a trust that can be considered as CSR expense of the company?

MCA General Circular No. 21/2014 dated June 18, 2014, clarifies that contributions to the fund of Trusts /Societies/Section 8 companies, etc. will be eligible for long term as CSR expenses:

  1. Trusts / Societies / Section 8 companies etc. specially created for CSR activities or undertakings
  2. Where a fund is made directly related to a subject covered in Schedule VII of the Act.

What activities of C.S.R. can happen in India?

Under C.S.R, the companies registered with MCA are obliged to participate in activities that are necessary for the welfare of the backward or marginalized sections of the society.

It includes the following activities:

  1. End hunger, poverty, and malnutrition
  2. Promoting education
  3. Improvement in maternal and child health
  4. Ensuring environmental sustainability
  5. Measures for the benefit of the armed forces
  6. Promoting sports activities
  7. Protection of National Heritage
  8. Prime Minister’s contribution to national relief
  9. Development of slum area
  10. Construction of toilets in schools

Is spending on disaster relief eligible for CSR?

A wide range of disaster relief activities can be covered under various items listed in Schedule VII. for example:

  • Medical assistance may be covered under the promotion of health care, including preventive health care.
  • Food supply can be covered under the eradication of hunger, poverty, and malnutrition.
  • Clean water supplies can be covered and sanitation and safe drinking water can be provided.

Will CSR projects or programs become part of CSR activity for company employees and their families?

No, CSR projects or programs or activities that only benefit the employees and their families of the company will not be considered as CSR activities as per Section 135 of the Act. (May refer to Rule 4 (5) of CSR Policy, 2014)

Note: During the outbreak of COVID-19 (Coronavirus), the Ministry of Corporate Affairs has notified; That companies’ spending to fight the epidemic would be considered legitimate under CSR activities. Money can be spent on various activities related to COVID-19, Such as promoting healthcare, including preventive health care and sanitation, and disaster management.

16 May 2020 0 comment
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dubai
Business

Why Corporations Prefer to Rent rather than Owing

by Sudarsan Chakraborty 15 May 2020

When it comes to any type of business, especially the one that involves making money out of it, finding a good venue for your next meeting or exhibition can be a challenging task. As such, it is imperative that you put an emphasis on the type of services and location you would be providing. Once you’ve done so, you can easily select your venue rental in Dubai which you can use for a variety of events that could help you achieve your business goals.

Why choose a Rental Venue, to begin with?

The venue rental in Dubai could be based on the types of events that you are organizing. They are versatile in every way so that you avoid any mishaps. For example, if you’re running a conference and expect a large number of attendees, then you should consider renting a conference center.
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It is because this type of venue offers several different styles that you can use to cater to your needs. They are ideal for meetings of all sizes. It is also very beneficial if you would like to host events that will require a smaller number of attendees. For example, if you are planning a day trip then it is much more convenient to rent a hotel room than to rent a hall. A hall would not be suitable because it would not offer enough space for your guests. They may want to have a picnic or eat at the bar. If you are looking for a more intimate setting for your event, then you should opt for a small room. This is particularly helpful for business-related conferences that you would prefer to plan. Your meeting room rental in Dubai could be in a conference room or an intimate room like a private bathroom that is small enough to accommodate a group of ten or so. If you would like to rent a room that can accommodate a large number of people, then you should make sure that it is furnished with a good size of furniture. This includes enough seating to accommodate your guests, enough tables to hold your printed material as well as enough free-standing chairs to accommodate your guests. The lighting should also be adequate for any occasion.

Choosing the service provider

It is very important that you choose the right company that is offering a quality meeting room rental in Dubai. You must check that the firm has experience in the area of event rental. Their facilities should be in top-notch condition and they should be highly reliable. However, this does not mean that you should only hire the most expensive and best service provider. Your best bet would be to hire a company that is least expensive yet delivers exceptional services. There are some companies that provide very affordable rates. Still, you should make sure that you know their policies concerning space reservations.

An important aspect of a memorable occasion is that it should be memorable for everyone who is invited. Because of this, a little planning on your part should help you achieve this. Of course, the planning that you do is all down to you. You need to make sure that you select the right meeting room rental in Dubai that can offer the kind of amenities that you can afford. In Dubai, there are a lot of meeting venues that are well equipped with everything that you could need for your business meetings. Of course, these facilities include meeting rooms that are well furnished and decorated. They are all strategically located in a place that is conveniently close to most areas of the city. At this point, you should also know what is needed to make the most of your time while picking the most suitable venue for your meeting. This includes having a well-lit room that is heated and is equipped with comfortable seats that are positioned strategically. within the same room or around the corner.

15 May 2020 0 comment
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