Corporate Social Responsibility Law in India
Vanita Bhargava, Senior Partner, Khaitan & Co., India
Introduced in 2013, India became the first country in the world to statutorily mandate Corporate Social Responsibility (’CSR”), which is otherwise seen as a philanthropic activity undertaken at the discretion of companies. The CSR Law in India was indeed a promising step towards creating an enabling environment and a boost for social impact projects. The present paper aims to analyze the provisions of the CSR Law as amended till date, and the impact of the law. The paper also seeks to undertake a comparative analysis of the CSR Law in India and other jurisdictions across the globe. The paper concludes with certain recommendations as a way forward for the CSR Law.
Vanita Bhargava is a Senior Member of the Dispute Resolution Team in Khaitan & Co. She is also an Advocate on Record in Supreme Court. She has almost 25 years of experience in a variety of matters including matters relating to Constitutional laws, Taxation Laws, Environment Laws, Civil Laws, Corporate Laws, Mining Laws, Forest Laws, Shareholder Disputes and Arbitration (Domestic and International), Banking Laws and Insolvency matters and others.
Khaitan & Co is one of India’s oldest and full service law firms comprising over 750 fee earners and consultants including 170 partners and directors.
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