CSR Expenditure of BSE Listed Companies in India: An Analytical Study

JIGYASA, March 2019

13 Pages Posted: 21 Aug 2020

See all articles by Dr. Neeraj Kumar Sharma

Dr. Neeraj Kumar Sharma

Poonam Shodh Rachna; SSRN; Singhania University

Date Written: March 30, 2019

Abstract

Spending on CSR is not new in India. It has raised lots of expectations and gained growing recognition as a brand new and rising kind of governance in India, once government activity of CSR mandate in CSR Act, 2013, w.e.f. first April, 2014. India has become the primary country to mandate CSR through a statutory provision. Countries like U.K, U.S.A, China, Germany and Australia have voluntary pointers for CSR defrayal/reporting. Others like France, Denmark, Sweden, country and Malaysia have obligatory provisions, however they follow a particular code and all enterprises don't come underneath the compass of obligatory pointers. There's no robust legislation, as in India for CSR spending. Section 35 of CSR Act makes it obligatory for all the businesses with turnover of Rs.1,000 crores and more and additional a networth of Rs.500 crores and more and additional or earnings of Rs.5 Crores and more and to pay a minimum of 2 % of their three-year average profit per annum on CSR activity. If the corporate fails to pay such quantity, the Board shall surrender its report the explanations for not defrayal. The paper investigates the CSR spending standing of listed corporations for the year 2017-18. Information is collected from Business Responsibility Reports and Annual Reports of BSE listed corporations and conjointly grades are given to companies supported their CSR expenditure. So CSR Act has created corporations perceive their responsibilities towards the society and act rigorously. It's opened new opportunities for all stakeholders to plot innovative ways that to contribute to just social and economic development.

Keywords: CSR, Business Responsibility Reports, Corporations Act 2013, Section a hundred thirty five, CSR Spending

JEL Classification: M

Suggested Citation

Sharma, Neeraj Kumar, CSR Expenditure of BSE Listed Companies in India: An Analytical Study (March 30, 2019). JIGYASA, March 2019, Available at SSRN: https://ssrn.com/abstract=3676930

Neeraj Kumar Sharma (Contact Author)

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