Volume : IV, Issue : I, January - 2014

The Mandatory CSR in India : A Boon or Bane

Akanksha Jain

Abstract :

The Companies Act, 2013 has commenced a new regime in the Indian corporate world. Harmonizing with the international norms, fraud reduction measures, new government powers, and accountability provisions are all important new facets of the act, however, the CSR provisions in the act are the most innovative, and these set India apart from other Asian countries. The act requires targeted companies to spend 2 percent of their net profit on CSR activities, to make changes within its board of directors, and to formulate and publicly disclose an official policy on its CSR activities. This paper is an attempt to clearly ing out the major concepts and provisions of the act with respect to CSR, and present a summarized analysis based on the “arguments for” and “arguments against” corporate social responsibility, determining whether making CSR mandatory shall turn out to be a boon or bane for India’s economy

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Akanksha Jain The Mandatory CSR in India : A Boon or Bane Indian Journal of Applied Research, Vol.IV, Issue. I

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