Glossary
Corporate Social Responsibility (CSR), Section 135
India's statutory obligation on qualifying companies to spend at least 2% of average net profits on prescribed social activities, the world's only mandatory-spend CSR regime.
Definition
India's statutory obligation on qualifying companies to spend at least 2% of average net profits on prescribed social activities, the world's only mandatory-spend CSR regime.
Answered in the FAQs
Questions where this term comes up.
- Is ESG the same as CSR?
- How does a company determine which ESG obligations apply to it?
- Do ESG requirements apply to unlisted companies?
- What happens if a company does not spend its CSR amount?
- How is India's CSR framework different from those in other countries?
- Does CSR spending improve a company’s ESG performance?
- What ESG responsibilities do directors have under Indian law?
- When does a company require to comply with CSR requirements?
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