Section 135 of the Companies Act, 2013 – Has it created a Difference?

Aim - The current study compares the difference in the level of spending by the public sector companies in India in terms of what is mandated by the government under section 135 of the Companies Act, 2013 and the actual spending by these business houses. The study shows the progress in the spend on CSR after the same was mandated by Indian Government. The study aims to prove the same by data collected from annual reports of the sample companies.
Discussion- The results of the T-test indicated that in the financial year 2014-15, the companies did not spend the requisite amount on CSR activities as mandated by section 135 of the Companies act. However, the results improved in the following years.