Impact of the Companies Act,2013 on the CSR Practices of Indian MNCs

Anglický jazyk

Impact of the Companies Act,2013 on the CSR Practices of Indian MNCs

Vydavateľstvo: LAP LAMBERT Academic Publishing
Rok vydania: 2021
Formát: Paperback
Rozmer: 220 x 150 mm
Jazyk: Anglický jazyk
ISBN: 9786203870688

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O knihe

In the recent era, Corporate Social Responsibility (CSR) has gained added significance in India among the multinational corporations (MNCs). After the introduction of Section 135 of the Companies Act, 2013, it is legally binding upon companies to disclose expenditures pertaining to CSR activities. Interestingly, the practice of CSR is not entirely new to the MNCs as they have been practicing it morally from the beginning of the 21st century. Thus, MNCs clearly have added experience and advantage over other companies in terms of CSR disclosure. The key focus is on the impact of the Companies Act,2013 on the CSR disclosure practices of Indian MNCs. The analysis shows that though the Indian MNCs are contributing in the CSR areas, greater emphasis is required.In the recent era, Corporate Social Responsibility (CSR) has gained added significance in India among the multinational corporations (MNCs). After the introduction of Section 135 of the Companies Act, 2013, it is legally binding upon companies to disclose expenditures pertaining to CSR activities. Interestingly, the practice of CSR is not entirely new to the MNCs as they have been practicing it morally from the beginning of the 21st century. Thus, MNCs clearly have added experience and advantage over other companies in terms of CSR disclosure. The key focus is on the impact of the Companies Act,2013 on the CSR disclosure practices of Indian MNCs. The analysis shows that though the Indian MNCs are contributing in the CSR areas, greater emphasis is required.