It is the responsibility for a corporate functioning inside the society to subsidize towards social, economic, and environmental advancements, although there is not fixed classification, however the objective is to focus beyond earnings just profits.
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Corporate Social Responsibility
CSR (Corporate Social Responsibility)
- What is CSR under Companies Act 2013?
The Companies Act, 2013 provides for CSR under section 135. Thus, it is mandatory for the companies covered under section 135 to comply with the CSR provisions in India. Companies are required to spend a minimum of 2% of their net profit over the preceding three years as CSR.
- Role of the Government in monitoring CSR provision compliance?
The government monitors the CSR provisions compliance through the disclosures made by the companies on the MCA portal. The government can initiate action for any violation of CSR provisions against the non-compliant companies after due examination of records.
CSR Registration
