Corporate Social Responsibility and Recent Amendments in CSR Rules.
This Blog is authored by Avinash Srivastava. The author is a first year LL. B student of Bharati Vidyapeeth, New Law College, Pune. This Blog provides an overview of the initiatives undertaken by the companies towards the development of society, and the laws governing the CSR activities of the companies. The blog also provides information about the recent amendments made by the government in the rules that govern the CSR activities of the companies. INTRODUCTION Corporate Social Responsibility (CSR) refers to the voluntary initiatives undertaken by companies to contribute to social, environmental, and economic development, beyond their legal obligations. Provisions Governing CSR in India Section 135 of Companies Act, 2013 deals with Corporate Social Responsibility and lays down the qualifying criteria based on net worth, turnover and net profit for companies which are required to undertake CSR activities. The activities, which may be included by the compan...