International Journal of scientific research and management (IJSRM) ||Volume||3||Issue||6||Pages|| 3210-3226||2015|| \ Website: www.ijsrm.in ISSN (e): 2321-3418 Dr. Arvind Kumar Singh, IJSRM Volume 3 Issue 6 June 2015 [www.ijsrm.in] Page 3210 Corporate Social Responsibility (CSR) & Its Implementation towards Good Governance Dr. Arvind Kumar Singh* Mr. Saurabh Jha** *Ph.D, NET, MBA, M.Com. Assistant Prof. Amity University Uttar Pradesh, Lucknow Campus, Lucknow, INDIA Email: arvind_mgcps@yahoo.com **LL.M. (Business Law) Amity Law School, Amity University, Uttar Pradesh, INDIA. LL.B. C.S.J.M. University, Kanpur, Uttar Pradesh, INDIA, CS Executive, Institute of Company Secretaries of INDIA, Email: saurabh4icsi@gmail.com ABSTRACT: We are living in a world surrounded with numerous problems related to environment and society. CSR (Corporate Social Responsibility) is a means to sort out these problems to some extent because business is a part of society. Any contribution towards welfare of society is called as Corporate can no longer limit them in using resources of society and they have to be socially responsible corporate citizens and must also contribute to the social good. Corporate Social Responsibility is now accepted as a means to achieve sustainable development of an organization. In the present time, CSR has become a significant sector of modern corporate research theory and the growth of activities related to CSR in all over the world is remarkable. According to Company Act, 2013, those companies which are within the domain of section 135 of Companies Act 2013 must spend 2% of their net profits towards CSR, in the fields as specified under schedule VII, which made Indian companies to consciously work towards CSR. This research paper is based on the hypothesis, Compliance of provision relating to CSR under section 135 of the Companies Act 2013 & Companies (Corporate Social Responsibility Policy) Rules, 2014, both in letter and spirit would provide a way for Corporates, to achieve Corporate Sustainability, through promoting Good Governance to all stakeholders with in the society, in which they or their business activities are running. KEYWORDS: Vedic Darshan, Society, Organization, Corporate Social Responsibility, Private Regulation, Regulatory Initiatives, Stakeholder, Good Governance, SMEs, Corporate Sustainability. Objective:  To represent a brief knowledge about implementation of CSR towards Good Governance.  To identify the scope & Limitation of CSR policy running in India.  To study how CSR is helping to improve the standard of living and well being of all stakeholders with in the country  To study how CSR work as a way for corporates to move towards corporate sustainability. Introduction: