Spending of CSR funds for COVID-19 is eligible CSR activity


Spending of CSR funds for COVID-19 is eligible CSR activity

The Circular reads as follows:

Keeping in view of the spread of novel Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organisation (WHO), and, decision of Government of India to treat this as a notified disaster, it is hereby clarified that spending of CSR funds for COVID-19 is eligible CSR activity.

Funds may be spent for various activities related to COVID-19 under item nos. (i) and (xii) of Schedule VII relating to promotion of health care, including preventive health care and sanitation, and, disaster management. Further, as per General Circular No. 21/ 2014 dated 18.06.2014, items in Schedule VII are broad based and may be interpreted liberally for this purpose.

This issues with the approval of the competent authority.

Click here to download the Circular

Tags: News


Join Study Cafe Telegram Channel
Studycafe

This Account belongs to Admistrator of Studycafe.

0 Comments

Your email address will not be published. Required fields are marked *