Corporate Social Responsibility: An overview in the Indian Context

Abstract

The Companies Act, 2013 (“Act”) of India codified for the first time through its provisions under section 135 the essence and requirement of Corporate Social Responsibility (“CSR”) in the Indian context. References suggest that India has emerged as one of the pioneers in making CSR spending mandatory. The word ‘spending’ which is directory in nature created much clamor in the initial years. Today, the said provision is in operation for five years. This article attempts to find out and analyze how and in what way the provisions of section 135 have benefitted India