Download or read book Taxmann's Analysis | CSR Compliance – Unveiling the Legal Obligation and Social Responsibility under the Company Law written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-06-29 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's rapidly evolving business landscape, corporations are increasingly expected to go beyond profitability and actively contribute to society and the environment. This paradigm shift has given rise to Corporate Social Responsibility (CSR), which emphasizes a company's ethical and sustainable practices. The article explores the legal obligations and social responsibilities imposed on companies under the Companies Act 2013. It delves into the applicability of CSR to different classes of companies, minimum spending requirements, execution of CSR initiatives, and the treatment of unspent CSR funds. By examining the Indian perspective, this article sheds light on the dual nature of CSR as both a social responsibility and a legal compulsion.