ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Companies Act 2013Subscribe to Companies Act 2013

Corporate Social Responsibility in India

Section 135 of the Companies Act, 2013 mandates companies with a particular turnover, networth, and net profit to spend 2% of their average net profit on corporate social responsibility, while Schedule VII of the act prescribes activities which shall be called as CSR activities. Within a span of six years, CSR rules have been amended multiple times and the central government has at different times added more activities, as well as two high-level committees on CSR. Is CSR in India facing a case of excessive overregulation, when it is basically voluntary in nature?
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