Company shall give preference to the local area for CSR | MCA Clarifies

Company shall give preference to the local area for CSR | MCA Clarifies : MCA videGeneral Circular number 06/2018 has made regarding Clarifi

CA Deepak Gupta

May 29, 2018

Last update on May 29, 2018

Company shall give preference to the local area for CSR | MCA Clarifies : MCA videGeneral Circular number 06/2018 has made regarding Clarification with regard to provisions under section 135 (5) of the Companies Act, 2013. MCA has clarified that the first provisounder section 135 (5) of the Companies Act, 2013 which states that"the company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities:" has to be followed with letter and spirit. Click here to read the circular You May also refer :MCA issues clarification for CODS where orders are pending before NCLT

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