MCA Update on CSR _ Expense related to COVID-19 Awareness & Vaccination Qualify for CSR

MCA Update on CSR _ Expense related to COVID-19 Awareness & Vaccination Qualify for CSR

Ministry of Corporate affairs vide General Circular 01/2021 dated 13th January, 2021, has clarified that:

spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme shall be Considered and qualify for CSR and is eligible under Item No. (i), (ii) and (xii) of Schedule VII of the Companies Act, 2013 relating to:

·         Promotion of Health Care

·         Including Preventive Health Care

·         Sanitization,

·         Promoting Education

·         Disaster Management

Subject to Fulfillment of Companies (CSR Policy) Rules, 2014 and Respective amendments / circulars issued from time to time.

Link of the Circular: http://www.mca.gov.in/Ministry/pdf/CSR2021_13012021.pdf

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