Corporate Social Responsibility

Recently, the President of India has presented the first National Corporate Social Responsibility (CSR) Awards to selected companies.Consider the following given statements about the CSR:

  1. In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013.
  2. India is the second country after USA, in the world to make corporate social responsibility (CSR) mandatory, following an amendment to the Companies Act, 2013 in April 2014.

Choose the correct answer from the codes given below:

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2