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The prime motive of the Companies and the corporations wouldinvariably be profit gains as they are empowered with a legal identity.However, with the way society is advancing with time, Corporateresponsibility has shifted towards being accountable to the mass. Theobjective of the paper is that the every human being has the responsibilityto promote growth and equity in lives of those who do not have theresources to do that for themselves. Corporate Social Responsibility isa method of ensuring that the equity which is the fundamental value ofany humane society persists. By providing for those who cannot providefor themselves, a dynamic economy is ensured because too much powerin any few hands will invariably lead to an autocratic rule. This paperstates that Social Accountability is now an umbrella which covers notjust direct responsibility but also accounts for vicarious duty of doingthe right thing by the society and the environment.