CSR- A New Concept of Companies Act, 2013
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.
"CSR- A New Concept of Companies Act, 2013", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.2, Issue 5, page no.226 - 228, May-2017, Available :https://ijsdr.org/papers/IJSDR1705039.pdf
Volume 2
Issue 5,
May-2017
Pages : 226 - 228
Paper Reg. ID: IJSDR_170400
Published Paper Id: IJSDR1705039
Downloads: 000347035
Research Area: Management
Country: Gwalior, Madhya Pradesh, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
