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7) The Companies Act of 2013 mandates a contribution of two per cent of post-tax profits of companies to corporate social responsibility (CSR) activities and some see this as a backdoor tax. Some argue that as companies spend at individual levels, the impact is less visible and also there is no guarantee of ensuring efficiency, accountability and competency. In this regard, what should be done to efficiently spend CSR funds? Discuss.

Topic: Mobilization of resources

7) The Companies Act of 2013 mandates a contribution of two per cent of post-tax profits of companies to corporate social responsibility (CSR) activities and some see this as a backdoor tax. Some argue that as companies spend at individual levels, the impact is less visible and also there is no guarantee of ensuring efficiency, accountability and competency. In this regard, what should be done to efficiently spend CSR funds? Discuss. (200 Words)

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