Corporate social responsibility in an Indian legal perspective as per companies act 2013: resolution to bridge the gap between Indian corporate social responsibility objectives & its real outcomes

Abstract

The topic of my research is based on Corporate Social Responsibility (CSR), the concept and its evolution in India and the gap between the prevailing provisions of CSR under Companies Act 2013 and its actual implementation. The objective is to analyse in detail the CSR provisions of Companies Act 2013 and provide critical comments, identify key issues and provide solutions for it. It has been observed that there is shift from Corporate Social Responsibility to Corporate Social Obligation. It is important to appropriately channelize the gigantic assets anticipated that would be created by 2% obligatory CSR standard. There ought to be an incorporated approach by organizations to seek after CSR by teaming up with different organizations and NGOs and sharing their centre abilities all alone. The organizations can serve well looking into and creating imaginative answers for Indian financial issues by utilizing their centre abilities. Besides CSR likewise should include environment inviting arrangements and incorporate social and natural viewpoints in their CSR work. There is an urge that CSR is as much about how organizations win their cash as about how they spend it on society.