bricslawjournalBRICS Law JournalЮридический журнал БРИКС2409-90582412-2343Publishing House V.Ема10.21684/2412-2343-2022-9-4-81-107bricslawjournal-711Research ArticleARTICLEMandatory CSR in India – A Trailblazer from the EastKhuranaKirthana Singh

Assistant Professor, Jindal Global Law School

kirthana@live.inO.P. Jindal Global UniversityIndia2022241120229481107Copyright © Khurana K., 20222022Khurana K.Khurana K.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://www.bricslawjournal.com/jour/article/view/711

The paper attempts to trace the evolution of the concept of Corporate Social Responsibility (CSR) and seeks to gather how it turned out to be a boon for the developing nations of the world, particularly countries like India. By the path-breaking promulgation of the Companies Act, 2013, CSR was made mandatory in India, for companies meeting the financial thresholds mentioned in Section 135 of the Act. The author seeks to study the journey of CSR in India, the present law, and the latest amendments made to the same in recent times. The paper evaluates the rationale behind the mandatory CSR law and how it can be a game-changer in India Inc.’s commitment to social causes. The author has also suggested how the mandatory CSR regime in India can be further strengthened to contribute meaningfully, particularly in the fields of education and healthcare, through better project identification, stronger execution linkages, an overhaul of the board committees, flexible and pragmatic government rules, and synchronization of the corporate CSR activities with the lead programmes of the Government of India. These reinforcements can go a long way in making the CSR approach much more effective and value accretive.

Corporate Social ResponsibilityCompanies Act 2013Indian corporate lawCorporate GovernanceCOVID-19ReferencesBowen H.R. Social Responsibilities of the Businessman (2013). https://doi.org/10.2307/j.ctt20q1w8fBowen H.R. Social Responsibilities of the Businessman (2013). https://doi.org/10.2307/j.ctt20q1w8fForte A. Corporate Social Responsibility in the United States and Europe: How Important Is It? The Future of Corporate Social Responsibility, 12(7) Int’l Bus. Econ. Res. J. 815 (2013). https://doi.org/10.19030/iber.v12i7.7970Forte A. Corporate Social Responsibility in the United States and Europe: How Important Is It? The Future of Corporate Social Responsibility, 12(7) Int’l Bus. Econ. Res. J. 815 (2013). https://doi.org/10.19030/iber.v12i7.7970Freeman R.E. Strategic Management: A Stakeholder Approach (2010). https://doi.org/10.1017/CBO9781139192675Freeman R.E. Strategic Management: A Stakeholder Approach (2010). https://doi.org/10.1017/CBO9781139192675Freudenreich B. et al. A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability, 166(1) J. Bus. Ethics 3 (2020). https://doi.org/10.1007/s10551-019-04112-zFreudenreich B. et al. A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability, 166(1) J. Bus. Ethics 3 (2020). https://doi.org/10.1007/s10551-019-04112-zMahmood A. & Bashir J. How Does Corporate Social Responsibility Transform Brand Reputation into Brand Equity? Economic and Noneconomic Perspectives of CSR, 12 Int’l J. Eng. Bus. Mgmt. (2020). https://doi.org/10.1177/1847979020927547Mahmood A. & Bashir J. How Does Corporate Social Responsibility Transform Brand Reputation into Brand Equity? Economic and Noneconomic Perspectives of CSR, 12 Int’l J. Eng. Bus. Mgmt. (2020). https://doi.org/10.1177/1847979020927547Majumdar A.B. India’s Journey with Corporate Social Responsibility: What Next?, 33(2) J. L. & Com. 165 (2015). https://doi.org/10.5195/jlc.2015.83Majumdar A.B. India’s Journey with Corporate Social Responsibility: What Next?, 33(2) J. L. & Com. 165 (2015). https://doi.org/10.5195/jlc.2015.83Reinhardt F.L. et al. Corporate Social Responsibility Through an Economic Lens, 2(2) Rev. Envtl. Econ. Pol’y 219 (2008). https://doi.org/10.1093/reep/ren008Reinhardt F.L. et al. Corporate Social Responsibility Through an Economic Lens, 2(2) Rev. Envtl. Econ. Pol’y 219 (2008). https://doi.org/10.1093/reep/ren008Van Zile C. India’s Mandatory Corporate Social Responsibility Proposal: Creative Capitalism Meets Creative Regulation in the Global Market, 13(2) Asian Pac. L. & Pol’y J. 269 (2012).Van Zile C. India’s Mandatory Corporate Social Responsibility Proposal: Creative Capitalism Meets Creative Regulation in the Global Market, 13(2) Asian Pac. L. & Pol’y J. 269 (2012).

The authors declare that there are no conflicts of interest present.