Tag: Corporate Social Responsibility
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MK Ranjitsinh and the Erroneous “Expansion” of Fiduciary Duties in Indian Law
[Anik Bhaduri is a candidate for the MSc in Law and Finance at the University of Oxford] In 2013, the Companies Act became the first legislation in the world to explicitly adopt a stakeholder-oriented conception of the corporation. In addition to introducing a mandatory requirement that certain companies allocate a portion of their funds towards corporate social responsibility…
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Philanthropic Stock Market: SEBI’s Framework on the Social Stock Exchange
[Anenya and Yash Sharan are students of Hidayatullah National Law University, Raipur] On 19 March 2025, the Securities and Exchange Board of India (“SEBI”) issued a circular (“the Circular”) proffering a framework on a social stock exchange (“SSE”). This regulatory development allows social enterprises to obtain funding through an exchange system that receives regulatory recognition. Through the SSE, not-for-profit organisations…
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Coveted Tax Relief For Covid-Care Policies: An Employers’ Perspective
[Kavya Mathur and Pragya Chandak are law graduates from National Law University, Jodhpur] The unprecedented Covid-19 health crisis has had a grim impact on all facets of life, including the disruption of business, people’s livelihoods and even the loss of life. While employers are persevering to stay afloat themselves, there is undoubtedly also an element of altruism and sincere…
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Tax Deductibility in the Light of the New CSR Regime
[Shivani Pattnaik and Sourav Jena are undergraduate students at the National Law University, Odisha] Recently, the Ministry of Corporate Affairs (“MCA”) along with the Government of India has amended section 135 of the Companies Act, 2013 (“the Act”), thereby bringing upon significant changes to corporate social responsibility (“CSR”) regulations in India. After years of mandated…
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A Post-Pandemic Analysis of CSR in India
India’s provision relating to corporate social responsibility (CSR) in the Companies Act, 2013 has attempted to define and measure the concept, and is in this respect something of a milestone. However, by thus providing a definition and measurability to CSR, the concept has lost some of its innate flexibility. In my article forthcoming in the…
