Is CSR flawed?

PLACING responsibilities statutorily on companies to undertake socially beneficial activities for the masses out of their profits to the prescribed extent was hailed as a unique feature of the Companies Act, 2013 (Act), not found in the companies’ legislation of any other country. This feature was achieved by the insertion of Section 135 in the Act titled ‘Corporate Social Responsibility (CSR)’, which provides for spending of net profits to the extent specified in the section.

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