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Abstract


The Companies Act, 1956 is replaced with The Companies Act, 2013 and 'Corporate Social Responsibilities' (CSR) has been made mandatory for a particular class of companies. Corporate social responsibility is a process in which all companies come together as one and take part in the welfare of the society. It is often referred to as business responsibility and an organization’s action on environmental, ethical, social and economic issues. New legal mandates were imposed to ensure equal employment opportunities, product safety, worker safety, and environmental protection. Companies with high CSR standards are able to demonstrate their responsibilities to the stock holders, employees, customers, and the general public.


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