International Journal of Commerce and Management Research

Authors
Dr. Anusha Agarwal, Neetu Purohit

Abstract
CSR is the form of initiatives taken by the corporate or manufacturing companies to unify their concern in relation to social and environmental factors with their functioning of business. In today’s era the businesses are not expected to only make profits for the shareholders and other stakeholders but it is expected that the businesses would work in a responsible manner and hence the term corporate governance is highly stressed for all corporate. Of all the various parameters to ensure corporate governance, Corporate Social Responsibility (CSR) is one such area where it is expected that the companies should be responsible in giving back to the society from where they use various resources. To ensure that companies view their CSR seriously the Companies Act 2013 has mandated for the companies to contribute 2% of the average net profits for the directly preceding three financial years on CSR activities. Presentation’sPurpose:Throughthisresearchpaperanattempthasbeenmadetounderstand&analyzethepotentialimplications of mandated CSR in India on firm incentives, likely responses of corporate that come under the ambit of the law, implication for resource availability and delivery of social goods, and the prospects and challenges of implementing mandated CSR. Method: Empirically examining how the companies listed in Bombay Stock Exchange with the statutory provision of CSR with the nature of the different activities and the amount spent thereon. The CSR behavior will be studied on a sample size of top 30 companies listed in the Bombay Stock Exchange for the four year period from 2015 to 2018. Conclusion: Addressing the challenges of implementation successfully would determine how far the objectives of the new regulations are met.