An Analysis of Companies Act, 2013
B.S. Abdur Rahman Crescent Institute of Science and Technology, India.
Volume II – Issue II, 2020
This article elaborates on the idea of CSR in current times. This article also traces as to how has it become an important issue for the corporate houses and the government. India has been one of those handful of nations which has legislated on CSR and made it compulsory for companies of a certain stature to do CSR related activities which clearly depicts the seriousness of the Indian government towards promoting corporate citizenship. Likewise India, several other nations like United Kingdom, South Africa, China, Sweden and Denmark have also enacted laws to deal with Corporate Social Responsibility. During the times of Covid-19 pandemic, various questions and issues arose regarding the inclusion of different types of activities done and donations made as CSR under Section 135 and 467 of the Companies Act, 2013. Most hyped issue was related to the inclusion of PM CARES Fund and CM CARES Fund within the ambit of CSR for the purposes of Section 135 and 467 of the Companies Act, 2013. This article deals with this recent matter in much detail.
Keywords: Corporate, Social, Responsibility, Companies, Citizenship, Business, Fund, Section, Relief, Donation, Schedule