Is CSR now a corporate social requirement, not a responsibility?

Under the Companies Act, 1956 (which has since been replaced by the Companies Act, 2013), CSR was a ‘nice to have’ – Indian companies tended to see CSR as something their shareholders (especially foreign shareholders) asked them to carry out. Alternatively, CSR was seen as a way of ‘giving back’ to the community for companies that had received bad press (for example, if they ended up polluting half a river).

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