1. What do you understand by CSR? Discuss the provisions under Section 135 and Schedule VII of Companies Act, 2013. 

Corporate Social Responsibility (CSR) is a concept that has gained significant prominence in the business world over the past few decades. It refers to a company's commitment to operating in an economically, socially, and environmentally sustainable manner while balancing the interests of various stakeholders. In essence, CSR involves going beyond profit-making and actively contributing to the well-being of society and the environment.

At its core, CSR embodies the idea that businesses have responsibilities beyond merely generating profits for their shareholders. It recognizes that companies operate within a broader social context and have an impact on the communities, economies, and environments in which they operate. CSR encompasses a range of activities and initiatives undertaken by businesses to ensure they operate ethically and contribute positively to society.

One key aspect of CSR is the economic responsibility of businesses. This involves conducting operations in a manner that ensures financial stability and growth, thereby creating value for shareholders and contributing to economic development. This economic responsibility forms the foundation upon which other CSR pillars rest.

Social responsibility is another critical dimension of CSR. Companies are expected to engage with and positively impact the communities in which they operate. This can take various forms, such as investing in education and healthcare, supporting local charities, or promoting diversity and inclusion within the workforce. By actively participating in social initiatives, companies can build stronger relationships with their communities and enhance their reputation.

Environmental responsibility is the third pillar of CSR. In today's era of heightened environmental awareness, businesses are increasingly expected to minimize their ecological footprint. This _________ ___ _____ _____ ___.
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