Companies Act, 2013 Schedule VII

This discussion clarifies the impact of including the PM-CARES Fund in Schedule VII of the Companies Act, 2013, confirming that contributions qualify as CSR expenditure. It also addresses concerns regarding audits, inspections, and enquiries related to CSR. Furthermore, it investigates whether there are any maximum ceilings on CSR contributions and the applicability of Section 181 of the Companies Act if contributions to the PM-CARES Fund exceed 5% of average profits from the last three years.