Quick Summary
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th May, 2020 G.S.R. 313(E). - In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendment to Schedule VII of the said Act, namely: In Schedule VII, item (viii), after the words Prime Ministers National Relief Fund, the words or Prime Ministers Citizen Assistance and Relief in Emergency Situations Fund (PM CARES
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 Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The Ministry of Corporate Affairs has added the PM CARES Fund to Schedule VII of the Companies Act, 2013.
Schedule VII of the Companies Act outlines eligible activities for corporate social responsibility (CSR) spending.
It means that contributions to the PM CARES Fund are now officially recognised under the Companies Act for CSR purposes, alongside the Prime Minister's National Relief Fund.
This amendment is deemed to have come into force on 28th March 2020.
The funds mentioned are the Prime Minister's National Relief Fund and the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund).
CAclubindia
