Volume : IV, Issue : IV, April - 2015

Legal position of Corporate Social Responsibility in Companies Act 2013

Dr. Madhu Sudan Dash

Abstract :

<p>Nowadays the Governments are also moving towards the welfare state concept. With this purpose in mind, our </p> <div>Constitution lays down desirable principle and guidelines in Part IV of the Indian constitution. These provisions are </div> <div>known as the Directive Principle of State Policy under Article 36–51 of Indian constitution. The Constitution of India </div> <div>aims to establish not only political democracy but also socio–economic justice to the people to establish a welfare state. Since the increasing of </div> <div>socio–economic imbalances the Governments are encouraging companies to take up social responsibility for changing the social structure by </div> <div>eradicating hunger, poverty and malnutrition, promoting preventive healthcare, promoting education and promoting gender equality etc. For </div> <div>this purpose the Indian companies Act, 2013 , section 135 and schedule VII provides guidelines on implementation of CSR and mandates the </div> <div>corporate to spend 2% of their profit towards CSR activities for welfare state and came into effect April 1 ,2013</div>

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

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Dr.Madhu Sudan Dash Legal position of Corporate Social Responsibility in Companies Act 2013 Global Journal For Research Analysis, Vol: 4, Issue: 4 April 2015

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