Contribution to PM CARES Fund shall qualify as CSR expenditure

Mar 29, 2020 | Updates

 

MCA vide its notification dated March 23, 2020, clarified that spending of CSR funds for COVID-19 is eligible for CSR activity.
With respect to the same, it is further clarified that any contribution made to the PM CARES Fund shall qualify as CSR expenditure under the Companies Act 2013

 

Effective date: March 29, 2020

 

Source: MCA Circular dated March 29, 2020