Corporate Social Responsibility under Companies Act, 2013: A Study of Perceptions of Stakeholders
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Date
2015
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Punjab Agricultural University, Ludhiana
Abstract
The present study was conducted to analyze the perceptions of stakeholders regarding the Corporate
Social Responsibility clause under Companies Act, 2013. For achieving the first objective, primary data
was collected through a structured interview schedule. A sample of 110 respondents was selected on
convenience basis. Analysis was done using statistical tools like mean score, standard deviation, Chi
square, ANOVA and T-test. The study highlighted that most of the respondents find the introduction of
the Corporate Social Responsibility clause as justified. Majority of the respondents are of the view that
the limits for the applicability of Corporate Social Responsibility provisions to the companies within the
act should be lowered. Respondents were largely of the view that the set of activities eligible under CSR,
as specified in the Act should be increased. For achieving the second objective, secondary data was
analyzed regarding organization creation for undertaking Corporate Social Responsibility activities.
Though section 8 company involves complicated legal procedures as well as high cost factor as compared
to trust and society but still it is more preferred from the point of view of grant of subsidy by the
government as well as from the point of view of Foreign Contribution Regulation Act (FCRA)
registration.
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