Corporate social responsibility is the term used to describe the way that a business takes into account the financial, environmental and social impacts of decisions and actions it is involved in. It is a form of corporate self-regulation integrated into a business model. This is not a new term but its meaning is changing with the time. Now a days the area of corporate social responsibility is much wider than before. This research paper will draw light on what the exactly corporate social responsibility is and how Companies Act, 2013 has changed the scope of corporate social responsibility. General principles of corporate social responsibility are set forth. Corporate social responsibility is important for every business but its scope is different for different business depending upon the nature and size of the business. CSR is not only a responsibility for outside the organization but also for the employees working in the same organization because they are also a part of the society. Giving them proper working environment and security is the first step towards corporate social responsibility. This research paper will explain the work or function comes under corporate social responsibility.
corporate social responsibility, Companies act 2013, corporate self-regulation, financial, environmental and social impact
