GRAFFITI #1
CLARIFICATIONS FROM MINISTRY OF CORPORATE AFFAIRS (MCA) TOWARDS CORPORATE SOCIAL
RESPONSIBILITY (CSR) – COVID-19:
MCA vide its general circular dated 18 th June 2014, had clarified that the activities undertaken by the
company under its CSR policy should be relatable to Schedule VII of Companies Act 2013, and that
the entries in Schedule VII should be interpreted liberally in order to capture the essence of the
items in the said schedule.
On account of pandemic, MCA vide its circular dated 23 rd March, 2020 had further gone ahead to
clarify that spending of CSR funds for Covid-19 is an eligible CSR activity under item I (promoting
health care including preventive health care) and item XII (disaster management) of Schedule VII.
In addition to the above, MCA has clarified that.. Read More
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