CSR RULES AND THE COMPANIES ACT 2013

Authors

  • Dr. Kinnaben Tribhovandas Chadokia Assistant Professor Sheth M.N. Law College, Patan. Gujarat

Keywords:

Corporate Social Responsibility, Company Law, Corporation

Abstract

In recent years, corporate social responsibility has received a lot of attention. CSR, or corporate citizenship, strives to awaken the corporate consciousness by requiring businesses to pay short-term costs that do not give a direct financial return but instead create positive social and environmental change. The New Companies Act of 2013 introduced the concept of required CSR, and it will replace the archaic Companies Act of 1956, which is nearly 60 years old. This article focuses on the Companies Act of 2013 and its requirements for mandated spending and disclosure of CSR initiatives. The article also goes over the significant flaws in the clause that could make it difficult to apply in practise.

References

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Additional Files

Published

15-10-2019

How to Cite

Dr. Kinnaben Tribhovandas Chadokia. (2019). CSR RULES AND THE COMPANIES ACT 2013. International Education and Research Journal (IERJ), 5(10). Retrieved from http://ierj.in/journal/index.php/ierj/article/view/1904