Volume : IV, Issue : IX, September - 2015

Corporate Social Responsibility under the Companies Act, 2013: An overview

Ms. Tanzima. Contractor

Abstract :

In today’s world of globalization, businesses can no longer limit themselves to using resources to engage in activities that increase their profits. They have to be socially responsible corporate citizens and also contribute to the social good. Corporate social responsibility (CSR) is now accepted as a means to achieve sustainable development of an organization. Recognizing the need for inclusion of socially unprivileged sections of the society in India’s growth story, the new Company Law of 2013 has come up with a mandate for giant corporate to shell out atleast two percent of their three years annual average profits towards corporate social Responsibility (CSR) activities. The law is perhaps the first of its kind in Indian history recognizing the scope of utilizing corporate strengths towards fulfilling country’s social objectives. The present research paper proposes to make an in–depth review of the new Companies act 2013, analyzing the concept of corporate social responsibility envisaged under the new legislation.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Ms. Tanzima. Contractor Corporate Social Responsibility Under the Companies Act, 2013: An Overview International Journal of Scientific Research, Vol : 4, Issue : 9 September 2015

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