Discuss any five CSR related sections of Companies Act
The Companies Act, often considered the cornerstone of corporate governance and regulation in many countries, including India, plays a crucial role in shaping Corporate Social Responsibility (CSR) practices. CSR provisions within the Companies Act mandate that corporations fulfill their responsibilities towards society, the environment, and other stakeholders, beyond mere profit-making. In India, the Companies Act of 2013, with its subsequent amendments, outlines various CSR-related sections that companies must adhere to. Below, I discuss five key CSR-related sections of the Companies Act:
1. Section 135: Corporate Social Responsibility:
- Section 135 of the Companies Act, 2013, mandates that certain companies, meeting specified financial criteria, are required to spend at least 2% of their average net profits from the _______ ________ _______ ____ ____ _______ ___ ________ ___ ___ __________.
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