Corporate Social Responsibility and its Legal Aspect in India

Corporate Social Responsibility is now widely recognised as a strategy for ensuring an organisation’s long-term success. As a result, it must be acknowledged as an organisational goal. Corporates must donate 2% of their net earnings to CSR under the New Company Law of 2013, which forced Indian corporations to intentionally work towards CSR by requiring a designated class of enterprises to spend a part of their income on CSR operations. Any contribution to the betterment of society is referred to as. Companies can no longer limit how they use society’s resources; they must be socially accountable citizens who contribute to the greater good. This research scrutinises whether today’s Indian corporations have moved beyond the concept of philanthropy (charity) to a focus on all stakeholders. The paper focuses on numerous features of the new CSR law in the framework of modern corporate philosophy and attract government officials’ attention to practical challenges in implementing the new rules.