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  Published Paper Details:

  Paper Title

Study of the Government Regulations regarding Corporate Social Responsibility

  Authors

  Dipali Karad,  Dr. Mangesh Bhople

  Keywords

Corporate Social Responsibility, Government Regulations, Ministry of Corporate Affairs, social welfare.

  Abstract


This paper explores corporate social responsibility (CSR) and the role that governments can play in encouraging CSR practices. Corporations are key components of the broader economy in any society or country where they operate. The government's involvement is essential in advancing CSR initiatives because CSR remains voluntary without compulsory legislation. This study employs a secondary data analysis. The findings indicate the importance of both developed and developing countries in sharing best practices in CSR and establishing institutions that can foster CSR initiatives. This can be achieved through raising awareness, implementing soft laws, forming partnerships, and requiring businesses to be transparent in addressing societal issues within their areas of operation. Governments in certain developed nations, particularly in the UK, the European Union, the USA, and some East Asian countries, have made significant strides in promoting CSR. In contrast, developing nations have been slower to adopt CSR initiatives. The Ministry of Corporate Affairs, Government of India, implemented the Companies Act, 2013, marking one of the world's most significant efforts to make CSR a mandatory requirement by placing a legal obligation on companies to engage in social welfare activities. With this, India became the only country to regulate and enforce CSR for certain categories of companies registered under the Act. This CSR initiative aims to drive the nation toward achieving sustainable development goals and fostering public-private partnerships to transform India

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2409145

  Paper ID - 268741

  Page Number(s) - b320-b327

  Pubished in - Volume 12 | Issue 9 | September 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dipali Karad,  Dr. Mangesh Bhople,   "Study of the Government Regulations regarding Corporate Social Responsibility", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 9, pp.b320-b327, September 2024, Available at :http://www.ijcrt.org/papers/IJCRT2409145.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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