Corporate Social Responsibility in India now an Obligation (Paper)
- Kalpeshkumar L Gupta & Ritesh Patel
- February 20, 2014
Abstract :
Corporate Social Responsibility (CSR) has gained considerable interest among academicians and business organizations in the past decade. Corporate social responsibility has become an inevitable priority for business leaders across the globe in recent times. More and more Indian business organizations embrace the practice of CSR under different names such as corporate sustainability, social responsibility, and corporate citizenship. Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders (United Nations Industrial Development Organization). Now CSR has become an obligation for corporates in India as per the new Companies Act, 2013.
Present paper will discuss the background of CSR at world and India level alongwith Corporate Governance and its relationship with CSR. It will highlight the provisions of new Companies Act regarding corporate social responsibility and critically evaluate the same.
Keywords: -Corporate Social Responsibility, CSR Practices, CSR Laws across the Globe, India, Obligation, etc.
