Corporate Social Responsibility: The Relevance in Indian Corporate

Publication Information

Journal Title: Journal of Legal Studies & Research
Author(s): Aaiman Siddiqui, Prof. Mahrukh Mirza
Published On: 22/01/2022
Volume: 8
Issue: 1
First Page: 123
Last Page: 129
ISSN: 2455-2437
Publisher: The Law Brigade Publisher

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Cite this Article

Aaiman Siddiqui, Prof. Mahrukh Mirza, Corporate Social Responsibility: The Relevance in Indian Corporate, Volume 8 Issue 1, Journal of Legal Studies & Research, 123-129, Published on 22/01/2022, Available at https://jlsr.thelawbrigade.com/article/corporate-social-responsibility-the-relevance-in-indian-corporate/

Abstract

Corporate social responsibility, abbreviated as CSR is a new concept in the Indian corporate sector. India is reported to be the first country to introduce statutory corporate social responsibility through the Companies Act, 2013. Corporate social responsibility is channel through which the corporate sector address to the needs of the society which will be solved through the percentage of mandatory contribution in form of CSR. The percentage of CSR which has been prescribed by law is 2% of the profit of the company. The paper titled, ‘Corporate Social Responsibility: The relevance in Indian Corporate’ is an attempt to highlight various concepts of corporate social responsibility. In this paper we will be discussing the various works which has been done so far in regard to corporate social responsibility. And what is the future scope of works in the same regard.

Keywords: Corporate social responsibility, Companies acts 2013, statutory corporate social responsibilities

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