Amount spent on activities related to COVID-19 shall be treated as CSR Activity

Amount spent on activities related to COVID-19 shall be treated as CSR Activity

Amid so many relaxation(s) being provided to the Corporates, due to outbreak of novel Corona Virus in India, Ministry of Corporate Affairs vide its notification dated March 23, 2020 has clarified that the funds spent for various activities related to COVID-19 shall be considered an eligible CSR activity under Item Nos. (i) and (xii) of Schedule VII relating to promotion of health care, including preventive health care and sanitation, and disaster management.

Item Nos. (i) and (xii) of Schedule VII deals with:

(i) Eradicating hunger, poverty and malnutrition, promoting health care including preventinve health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation] and making available safe drinking water

(xii) disaster management, including relief, rehabilitation and reconstruction activities  

In case you need any kind of clarification, reach out to us at:

E-mail IDsecretarial@proxcel.in

Mobile No.9315512162