A STUDY ON CORPORATE SOCIAL RESPONSIBILITY IN INDIA IN THE POST MANDATE PERIOD

The Companies Act, 2013 has brought significant changes in the way Corporate Social Responsibility (CSR) is viewed and practiced in India. The law establishes a comprehensive framework for the formulation, implementation, monitoring and review of corporate social responsibility policies guiding business organizations. As a result, from 2014-2015, executive companies since the beginning of the mandate period in 2018, have shown a clear change in their corporate social responsibility practice. The article refers to a study that analyzed the evolution of CSR practices of BSE SENSEX companies in the post-mandate period. The survey revealed that companies are not only more willing to meet quantitative limits on CSR spending, but also make serious efforts to build a CSR culture within the organization. The legal compliance of the sample companies is also quite impressive, as measured by the domestic CSR Compliance index. These results indicate that the Companies Act, 2013 ushered in a new era of corporate social responsibility in India. Companies take their CSR responsibilities seriously and the organization is moving towards building a CSR culture. This is a positive development that can have significant social and environmental impacts.