Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Under the Companies Act, 2013, it is mandatory provision for the Company Board of Directors to ensure that in each financial year the Company spends at least 2% of the average Net Profit made during the three immediate preceding financial years.
CSR shall be applicable are contained in Sub Section 1 of Section 135 of the Companies Act, 2013. As per the said section, the companies having Net worth of INR 500 crore or more; or Turnover of INR 1000 crore or more; or Net Profit of INR 5 crore or more during any financial year shall be required to constitute a Corporate Social Responsibility Committee of the Board "hereinafter CSR Committee" with effect from 1st April, 2014.
Eradication of Un-employment by Empowering youth through professional education (Job Skills).