A Study on Corporate Social Responsibility in India

Corporate Social Responsibility (CSR) is a concept which states that the help given by the businesses to the governments in making world a better place. India is the land of ethics and values; these are embedded in the business too. The company can do their best by starting with ethical corporate governance. India is the first country in the world to make corporate social responsibility (CSR) mandatory by following an amendment to The Company Act, 2013 in April 2014. Businesses can invest their profits in areas such as education, poverty, gender equality, and hunger. Corporate social responsibility (CSR), also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business is a form of corporate self-regulation integrated into a business model. The CSR activities need to be in tune with effective strategic policies so that the aim of sustainable environmental, social and economic progress may be achieved. The present paper aims at reviewing the provision and various developments in corporate social responsibility in India under the Companies Act, 2013.