Corporate Social Responsibility

The companies act 2013 replaced the Companies Act of 1956. The new Act has made far-reaching changes affecting company formation, administration, governance, and incorporates an additional section 135. which lays down certain requirements, expected of companies, pertaining to the execution, fund allotment and reporting on CSR. Now days the emerging concept to CSR is focusing on going beyond charity. Across the globe companies are increasingly recognizing the strategic importance of building business practices that result in sustainable bottom lines, sustainable economies, environments and societies.