Vinod Kothari and Smriti Wadhera
As the CSR framework moves from ‘comply or explain’ principle to the rule of ‘comply or pay penalty’, we see how the CSR provisions in India have uniquely evolved over the years. On one side while there is penalty, on the other side, there is motivation – prominently in the form of an extended list of activities which can qualify for CSR. The article covering CSR in detail was published in the November 2020 edition of Chartered Secretary of the Institute of Company Secretaries of India.
Our other related material on CSR can be accessed through below link: