Quick Summary
The Ministry of Corporate Affairs hasclarified that spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities is an eligible CSR activity under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013 relating to the promotion of health care, including pr
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Yes, the Ministry of Corporate Affairs has clarified that spending CSR funds for setting up makeshift hospitals and temporary COVID Care facilities is an eligible CSR activity.
These activities are eligible under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013, which relate to the promotion of health care and disaster management, respectively.
Yes, in General Circular No. 10/2020 dated 23.03.2020, the MCA had previously clarified that spending CSR funds for COVID-19 related activities is eligible.
Companies may undertake these activities in consultation with State Governments and must ensure they fulfill the requirements of the Companies (CSR Policy) Rules, 2014, and other relevant CSR circulars.
CAclubindia
