Guwahati, Aug. 23 -- India is possibly the only country in the world which mandates that a profit-making company spend 2% of its after-tax profits on 'corporate social responsibility' (CSR). This requirement came as part of the new company law of 2013, which replaced the 57-year-old company law of 1956. The reason to have a brand-new law to govern the functioning of companies was because in half a century, the world had seen several changes in the corporate landscape. For instance, the norms and practices of corporate governance, the accountability to small shareholders had become more stringent. This was anyway being enforced by the stock market regulator (Securities and Exchange Board of India, SEBI) for those companies that were listed, ...