Corporates Gear Up To Meet India's Upgraded CSR Regime
- Manjula Chawla and Ritika Ganju - 02-06-2021
The corporate social responsibility (CSR) regime was introduced in India as a part of the new Companies Act, 2013, specifically under Section 135 therein read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules). Since then, Section 135 of the Companies Act and the CSR Rules have undergone several amends, resulting in a CSR regime which now stands to penalise non-compliant corporates with a much-extended net of CSR obligations.
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