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@article{169113,
        author = {Amrita Kaur Johar},
        title = {Corporate Social Responsibility and Freedom of Trade of Companies},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {6},
        pages = {320-325},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=169113},
        abstract = {Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental. When we talk about the commercial aspect of this, companies have been granted fundamental freedom of trade under Art. 19(1)(g) of the Constitution of India. While making contributions under CSR policy which is a mandate for the companies the profitability of companies gets affected many a times. The deliberate inclusion of CSR principles in the corporate decision-making processes ensures that companies are mindful of public interests. the increasing emphasis on Corporate Social Responsibility has raised questions about its impact on this fundamental right. The potential conflict between freedom of trade and CSR has sparked debate on the role of businesses in society.  One of the primary concerns is the mandatory CSR spending requirement introduced by the Companies Act, 2013. This regulation potentially limits companies' freedom to allocate resources, as they are required to spend at least 2% of their average net profit on CSR activities. Additionally, overly prescriptive CSR regulations can stifle business growth and innovation, while compliance requirements can divert resources away from core business activities. The impact of CSR on freedom of trade is multifaceted. Freedom of trade and CSR are intertwined in India's business landscape. As companies exercise their freedom to operate, they must also acknowledge their social responsibility. Today, the concept of corporate social responsibility is firmly rooted on the global business agenda. In order to move from theory to concrete action, many obstacles need to be overcome.},
        keywords = {Corporate social responsibility, freedom of trade, sustainable development, social development, balanced approach.},
        month = {November},
        }