CORPORATE SOCIAL RESPONSIBILITY AS REGULATED BY THE COMPANIES ACT, 2013: STATUTORY PROVISIONS AND LEGAL FRAMEWORK

AUTHOR – SARIKA* & DR. POOJA BALI**

* STUDENT OF LL.M. (CORPORATE LAW), SANT BABA BHAG SINGH UNIVERSITY, JALANDHAR

** ASSOCIATE PROFESSOR AT SANT BABA BHAG SINGH UNIVERSITY, JALANDHAR

BEST CITATION – SARIKA & DR. POOJA BALI, CORPORATE SOCIAL RESPONSIBILITY AS REGULATED BY THE COMPANIES ACT, 2013: STATUTORY PROVISIONS AND LEGAL FRAMEWORK, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 6 (5) OF 2026, PG. 73-80, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

Corporate social responsibility, or CSR, is the practice of conducting business in which businesses make a noticeable contribution to the entire ecosystem in which they operate. Businesses that engage in social responsibility take into account equitable growth and sustainable development in addition to measures that boost their earnings. Businesses utilize corporate social responsibility (CSR) to align their operations and growth with their social, environmental, and economic objectives. CSR is believed to build a company’s reputation and goodwill among consumers and the broader public. The hallmark of business is to prioritize three things: people, the environment, and profit in addition to the bottom line. When they use the term “society,” they mean the worldwide concern for sustainable business practices, the environment, or ecology. According to government regulations (Section 135 of “The Companies Act, 2013,” under rules of 2014, Schedule VII), businesses with net worth, turnover, or profit after tax (PAT) above a specific threshold are required to report on their annual report, give an explanation, or donate 2% of their net earnings over the preceding three years to social development. The “Companies Act, 2013” need for required spending and disclosure of CSR efforts is the main topic of this essay. The research also discusses the primary shortcomings of the provision that would make it unworkable. As it examines the CSR phenomena within the framework of “The Companies Act, 2013,” this article is both exploratory and descriptive. It also gathers data using a survey approach that aims to provide information and explicit knowledge in the public domain.

Keywords: Corporate Social Responsibility, Section 135, the Companies Act 2013, Schedule VII, Sustainable Development.