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India Inc's evolving corporate social responsibility landscape From voluntary to mendatory

By: Material type: Mixed materialsMixed materialsPublication details: 2013Description: 73-76Subject(s): NLM classification:
  • 346.54066
In: CHARTERED ACCOUNTANTMSummary: One of tha major highlights of the proposed new legislation, the Companies Bill 2012, s that specified companies will have to necessarily spend 2% of their average net profits made in the immediately preceding three financial years towards Corporate Social Responsibility (CSR). Private companies, while maximising their growth, also have responsiblity towards society besides equitable and sustainable growth of the country.
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One of tha major highlights of the proposed new legislation, the Companies Bill 2012, s that specified companies will have to necessarily spend 2% of their average net profits made in the immediately preceding three financial years towards Corporate Social Responsibility (CSR). Private companies, while maximising their growth, also have responsiblity towards society besides equitable and sustainable growth of the country.

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