Mandatory CSR in India – A Trailblazer from the East
The paper attempts to trace the evolution of the concept of Corporate Social Responsibility (CSR) and seeks to gather how it turned out to be a boon for the developing nations of the world, particularly countries like India. By the path-breaking promulgation of the Companies Act, 2013, CSR was made...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publshing House V.Ема
2022-11-01
|
| Series: | BRICS Law Journal |
| Subjects: | |
| Online Access: | https://www.bricslawjournal.com/jour/article/view/711 |
| _version_ | 1797855782577897472 |
|---|---|
| author | Kirthana Singh Khurana |
| author_facet | Kirthana Singh Khurana |
| author_sort | Kirthana Singh Khurana |
| collection | DOAJ |
| description | The paper attempts to trace the evolution of the concept of Corporate Social Responsibility (CSR) and seeks to gather how it turned out to be a boon for the developing nations of the world, particularly countries like India. By the path-breaking promulgation of the Companies Act, 2013, CSR was made mandatory in India, for companies meeting the financial thresholds mentioned in Section 135 of the Act. The author seeks to study the journey of CSR in India, the present law, and the latest amendments made to the same in recent times. The paper evaluates the rationale behind the mandatory CSR law and how it can be a game-changer in India Inc.’s commitment to social causes. The author has also suggested how the mandatory CSR regime in India can be further strengthened to contribute meaningfully, particularly in the fields of education and healthcare, through better project identification, stronger execution linkages, an overhaul of the board committees, flexible and pragmatic government rules, and synchronization of the corporate CSR activities with the lead programmes of the Government of India. These reinforcements can go a long way in making the CSR approach much more effective and value accretive. |
| first_indexed | 2024-04-09T20:29:34Z |
| format | Article |
| id | doaj.art-047e6d67751649e8beff18168dcd2524 |
| institution | Directory Open Access Journal |
| issn | 2409-9058 2412-2343 |
| language | English |
| last_indexed | 2024-04-09T20:29:34Z |
| publishDate | 2022-11-01 |
| publisher | Publshing House V.Ема |
| record_format | Article |
| series | BRICS Law Journal |
| spelling | doaj.art-047e6d67751649e8beff18168dcd25242023-03-30T20:04:02ZengPublshing House V.ЕмаBRICS Law Journal2409-90582412-23432022-11-01948110710.21684/2412-2343-2022-9-4-81-107246Mandatory CSR in India – A Trailblazer from the EastKirthana Singh Khurana0O.P. Jindal Global UniversityThe paper attempts to trace the evolution of the concept of Corporate Social Responsibility (CSR) and seeks to gather how it turned out to be a boon for the developing nations of the world, particularly countries like India. By the path-breaking promulgation of the Companies Act, 2013, CSR was made mandatory in India, for companies meeting the financial thresholds mentioned in Section 135 of the Act. The author seeks to study the journey of CSR in India, the present law, and the latest amendments made to the same in recent times. The paper evaluates the rationale behind the mandatory CSR law and how it can be a game-changer in India Inc.’s commitment to social causes. The author has also suggested how the mandatory CSR regime in India can be further strengthened to contribute meaningfully, particularly in the fields of education and healthcare, through better project identification, stronger execution linkages, an overhaul of the board committees, flexible and pragmatic government rules, and synchronization of the corporate CSR activities with the lead programmes of the Government of India. These reinforcements can go a long way in making the CSR approach much more effective and value accretive.https://www.bricslawjournal.com/jour/article/view/711corporate social responsibilitycompanies act 2013indian corporate lawcorporate governancecovid-19 |
| spellingShingle | Kirthana Singh Khurana Mandatory CSR in India – A Trailblazer from the East BRICS Law Journal corporate social responsibility companies act 2013 indian corporate law corporate governance covid-19 |
| title | Mandatory CSR in India – A Trailblazer from the East |
| title_full | Mandatory CSR in India – A Trailblazer from the East |
| title_fullStr | Mandatory CSR in India – A Trailblazer from the East |
| title_full_unstemmed | Mandatory CSR in India – A Trailblazer from the East |
| title_short | Mandatory CSR in India – A Trailblazer from the East |
| title_sort | mandatory csr in india a trailblazer from the east |
| topic | corporate social responsibility companies act 2013 indian corporate law corporate governance covid-19 |
| url | https://www.bricslawjournal.com/jour/article/view/711 |
| work_keys_str_mv | AT kirthanasinghkhurana mandatorycsrinindiaatrailblazerfromtheeast |