Importance of CSR. In Indian copmpanies act 2013

Question

Accepted Answer

CSR is important in Indian companies as per the Companies Act 2013.

CSR helps companies contribute to social and environmental causes.
It promotes sustainable development and inclusive growth.
Companies are required to spend a certain percentage of their profits on CSR activities.
CSR activities can include education, healthcare, environmental conservation, etc.
It enhances the company's reputation and brand image.
CSR initiatives can attract and retain talented employees.
Non-compliance with CSR provisions can result in penalties.

Accepted Answer

The role of CSR began with the implementation of Companies Act 2013 for making a provision for the welfare of socitye from the profits of a firm and it became of the provisions in theB/s og the firm