The Legal Meaning of "Social Impact Assessment" & The "Social Impact Assessor" In The Companies Act, 2013.
* Birendra K Jha Social Impact Assessment Audit Practitioner Email: birendrajha03@yahoo.com This is skill gap in understanding the legal meaning of "Impact Assessment" in Company Act 2013. The gap is such huge that Company Law has been violated openly. Under Section 135 of Companies Act 2013 & Rule 8(3) of the Companies (CSR Policy) Rules, 2014, the CSR project needs "Impact Assessment". The meaning of "Impact Assessment Firm " and the qualification of "Impact Assessment Assessor", who can conduct the "Impact Assessment" is clearly defined under Section 2, Sub Section 95 of The Companies Act, 2013. This Section states: "words and expressions used and not defined in this Act but defined in the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or the Secur...