CS Divesh Goyal

BACKGROUND: Presently Corporate Social Responsibility (CSR) expenditure is at the discretion of the corporate however after enactment of Section 135 of Companies Act 2013 such expenditure is made mandatory for certain corporate (Criteria given below).

Corporate Social Responsibility (CSR) has been in existence for a long time and is almost as old as civilization. It is based on the Gandhian Principle of “trusteeship concept” whereby business houses are looked upon as trustees of the resources they draw from society and thus are expected to return them back manifold.

CSR is extremely important for sustainable development of all stakeholders (all the people, on whom the business has an impact, including the society at large).

Company is a social institution having duties and responsibilities towards the community in which if functions. Its objective is to bring about maximization of social