International Journal for Research in Engineering Application & Management (IJREAM)

Source ID:00000217
Volume 5, Issue 9,December 2019, Pages 64-69, Page Count - 6

CSR IN INDIA POST COMPANIES ACT 2013

VIDHYA B (1)

(1) Research Scholar, Department of Commerce, Bangalore University, Bengaluru, Karnataka, India.

Manuscript ID:- 00000-88719
Access Type : Open Access
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Cite this article:VIDHYA B,  Csr In India Post Companies Act 2013, International Journal for Research in Engineering Application & Management(IJREAM), 2019, 5(9), PP.64-69

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Abstract

Corporate Social Responsibility is the initiative taken by the business houses to bring about sustainable development. The rest of the world practices CSR as a voluntary exercise but with effect from 1st April 2014, India`s new companies act 2013 as per section 135 makes it mandatory for certain firms to spend a certain minimum amount on Corporate Social Responsibility (CSR) activities. In this study, the challenges posed by the mandatory policy and the positive effects of the same are studied. This paper also aims at studying the trends of CSR practices post Companies Act 2013. The study reveals that CSR spending has picked up pace from the past five years and companies are supporting the ideologies of the act. The results imply that cumulative efforts of the corporate houses will help in serving the purpose better.
Author Keywords
Corporate Social Responsibility challenges Trends CSR Practices


ISSN Print: ISSN Online: 2454-9150
Source Type: Journals Document Type: Journal Article
Publication Language: English DOI:
Abbreviated Journal Title: IJREAM Access Type: Open Access
Publisher Name: IJREAM Publishing House Resource Licence: CC BY-NC
Major Subject:Social Sciences and Humanities Subject Area classification: Business, Management and Accounting
Subject area: Industrial Relations Source: SCOPEDATABASE