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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | CSR- A New Concept of Companies Act, 2013 |
| Authors Name: | Abhinav Upadhyay |
| Unique Id: | IJSDR1705039 |
| Published In: | Volume 2 Issue 5, May-2017 |
| Abstract: | CSR provision in the company’s act 2013 is the welcome step. CSR is means to achieve sustainable development of an organization. CSR also called as corporate conscience, corporate citizenship or responsible business is a form of corporation self-regulation integrated into a business model. The concept of CSR has been introduced in the New Companies Act 2013. CSR policies encourage the company to make a positive impact on environment and stake holders including consumers, investors etc. Nowadays CSR has become a concept of goodwill and dignity of a company. Nowadays companies voluntarily engage themselves in social and environmental concerns in their operation and interaction with stakeholders. Today CSR in India has gone beyond charity and donations. It has become an integral part of corporate strategy. Corporate proponents say that companies increase long term profits by adopting CSR policies whereas critics say that distracts the business from its main role. But overall study reveals that CSR has a neutral impact on financial outcomes. |
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| Cite Article: | "CSR- A New Concept of Companies Act, 2013", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.2, Issue 5, page no.226 - 228, May-2017, Available :http://www.ijsdr.org/papers/IJSDR1705039.pdf |
| Downloads: | 000346979 |
| Publication Details: | Published Paper ID: IJSDR1705039 Registration ID:170400 Published In: Volume 2 Issue 5, May-2017 DOI (Digital Object Identifier): Page No: 226 - 228 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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