Quick Summary
The Ministry of Corporate Affairs has clarified that spending of CSR funds directly or through a pooling of resources for creating health infrastructure for COVID care, establishment of medical oxygen generation and storage plants etc.are eligible CSR activities. Read the official notification below: General Circular No. 09/2021 E-file no. CSR-01/5/2021-CSR-MCA Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan, Dr. R. P. Marg, New Delhi - 110 001 Da
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FAQ :
Yes, the Ministry of Corporate Affairs has clarified that spending CSR funds for creating health infrastructure for COVID care is an eligible CSR activity.
Yes, the establishment of medical oxygen generation and storage plants is considered an eligible CSR activity.
Manufacturing and supplying oxygen concentrators, ventilators, cylinders, and other medical equipment for countering COVID-19 are also eligible CSR activities.
These activities are eligible under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013, relating to the promotion of health care and disaster management, respectively.
Yes, companies, including government companies, can undertake these activities either directly or in collaboration with other companies as a shared responsibility.
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