Corporate Social Irresponsibility of City Limouzine India Ltd

A DOCUMENTARY REPORT AND PRESENTATION IN CORPORATE SOCIAL IRRESPONSIBILTY & ACTIVISM OF [pic] CITY LIMOUZINE INDIA PVT. LTD. Submitted to INDUKAKA IPKOWALA INSTITUTE OF MANAGEMENT M. B. A PROGRAMME Constituent of Charotar University of Science and Technology. (CHARUSAT) Presented by Swetang Panchal M. B. A Semester-1 09/MBA/22 DECEMBER 2009 DECLARATION I, Swetang Panchal, hereby declare that the SEMINAR ON CONTEMPORARY ISSUES IN MANAGEMENT titled “CORPORATE SOCIAL IRRESPONSIBILTY & ACTIVISM” is a result of my own work and my indebtedness to other work publication, if any, have been duly acknowledged.

Place: Changa Date: 5/12/2009Swetang Panchal CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility is the process by which managers within an organization thinks about and discuss relationships with stakeholders as well as their roles in relation to the common good, along with their behavioral disposition with respect to the fulfillment and achievement of these roles and relationships.

Corporate social responsibility (CSR), also known as corporate responsibility, corporate citizenship, responsible business, sustainable responsible business (SRB), or corporate social performance, is a form of corporate self-regulation integrated into a business model Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure its adherence to law, ethical standards, and international norms Business would embrace responsibility for the impact of their activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere Furthermore, business would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality.

Essentially, CSR is the deliberate inclusion of public interest into corporate decision-making and the honoring of a triple bottom line: People, Planet, and Profit. The practice of CSR is subject to much debate and criticism. Proponents argue that there is a strong business case for CSR, in that corporations benefit in multiple ways by operating with a perspective broader and longer than their own immediate, short-term profits. Critics argue that CSR distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing others yet argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful Multinational Corporation ACTIVISM

Activism can be described as involvement in action to bring about change, be it social, political, environmental, or other. Activism means carrying out different series of events by mean of harming the people monetarily, physically, socially, and environmentally Corporate Social Responsibility consists of four types of responsibility which is also known as CSR model [pic] And CSR can be carried out by four ways which is mentioned below •Workplace •Marketplace •Environment •Social welfare CSR model for the company 1. Workplace • Is what company do for their Employees • Providing a safe and healthy work environment • Adopting fair labour policies 2. Market place Is how company is responsible to the market, Stake holders, and share holders etc • Being truthful in advertising • Avoiding price discrimination 3. Environment • Company’s responsibility towards the environment, what company doing for welfare or protect of environment 4. Welfare • Is what company contributes for welfare of the society • Donating to charity CORPORATE SOCIAL IRRESPONSIBILITY & ACTIVISM OF CITY LIMOUZINE LTD VISION To provide world-class solutions and services to our clients with innovative and creative ideas, comprehending the emerging technology and trends MISSION To share business issues with our clients by providing proactive, quality rofessional services in vehicle leasing and fleet management so that their precious time is spent on profit-generating activities and not in looking for solutions.. ORGANIZATIONAL DETAILS FACTS & MILESTONES investors were first passed successfully during the month of august of current year so company gained a tremendous trust of investors. OTHER SUBSIDIARY COMPANIES The company is not single company but it is a whole group of companies which includes: • City Hospitalities Ltd • City Limousines India Ltd • City Real COM Ltd • City Communication Ltd • City Trading LLC • City Airlines Pvt. Ltd. • City Co-Op Credit Soc Ltd • City Foundation • City Resorts • City Money Ltd ISSUES/ PROBLEMS AREAS The main problem are those whatever investors/customers are investing in the different schemes of the company was not paying back the returns to the customers after one or two times of returns. • Initially the City Limouzine company had advertised or marketised very interesting and higher return paying schemes in the market • But after a while when the customers invested in the different subsidiaries led by the company, the company stopped the payment to the customers as according to the agreement done with the customers • So those who have invested lacks of their money as an investment in the company got stucked and never been paid return • The company was only interested in making the money by introducing the different types of companies and different types of schemes there in All the subsidiary companies led by the City Limouzine India Ltd were fictitious company and they have no physical existence in context of corporate office address or anything else • There are thousands of legal complaints filed against the companies due to the fraud carried out by the company • There are thousands of legal enquiries conducted to search actually what was going on in the companies led by the City group • The Owner and other officials of the companies were of fraud minded, initially they started first big banner company with the name of City Limouzine India Ltd, and as the investors invested their money in the company, to gain their trust and of others of the market company also started another company for widen their operation and recruited the same kind of officials to carry forward the operation The Company was not at all concluding CSR, whatever it concude is only and only activism and corporate social irresposibilty • The activism industry is composed of organizations and individuals who make a living from activism, involvement in action to bring about change. The number of organizations who employ people to perform this work is sufficiently large that Activism is now a job classification Movements across the political spectrum can be described as activist in nature. COMPARISON OF ORGANIZATION The company was not having or even exercised CSR from very beginning or did not tried to or attempt to qualify for CSR activities, whatever the company done is activism and corporate social irresponsibility for the customers. FUTURE OUTLOOKS

The company was laterally dissolved as the owners and company officials of the company being placed behind the bars because of carrying out such unethical acts, so far as future is concerned the company has lost his opportunity to take ahead their company and to give the company a wonderful future. The company is nowhere today. SOURCES http://www. citylimouzines. com/group. html, Date: 4/12/09 www. consumercomplaints. in/… /city-limouzines-india-ltd-c253425. html, Date: 4/12/09 http://www. news-relay. com/latest-news/city-limouzines-india-limited-closed-after-financial-fraud/ Date: 4/12/09 ———————– Economic Responsibility Legal Responsibility Social Responsibility Ethical Responsibility CSR Model