Photo of Anushka Jain

Associate in the General Corporate Practice at the Mumbai office of Cyril Amarchand Mangaldas. She has graduated from National Law Institute University, Bhopal in the year 2019. Anushka can be reached at

Companies (Amendment) Act, 2019

Commitment to social causes is best done voluntarily. Accordingly, corporate social responsibility (CSR) was originally introduced in Section 135 of the Companies Act, 2013 (Companies Act), in keeping with global best practices, to provide a framework to encourage companies to meaningfully contribute to communities.

The framework was premised on the principle that companies would contribute the prescribed amount in good faith and the requirement ‘to explain’ any failure to contribute, in their board report, was considered a sufficient disincentive to ensure compliance.[1] 
Continue Reading Corporate Social Responsibility – Less Carrot More Stick