* Aniruddha $ Toshniwal

ABSTRACT

It has been over a sometime since the new rules for Corporate Social Responsibility (CSR) have come into force as per the Companies Act, 2013. The rules under section 135 mandate that companies with a net worth of Rs. 500 crores or revenue of Rs. 1,000 crore or net profit of Rs. 5 crore should spend 2% of their average profit in the last three years on social ~development-related activities. By creating this provision, India became the first country to legally mandate corporate social responsibility (CSR).