Tag: csr activities

  MCA Clarification on spending of CSR funds for “Har Ghar Tiranga” campaign-   MCA has clarified that spending of CSR funds for “Har Ghar Tiranga” campaign is eligible CSR activities   MCA has clarified that `Har Ghar Tiranga’ campaign under the aegis of Azadi Ka Amrit Mahotsav, …

MCA issues Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR) The MCA has issued Frequently Asked Questions FAQs on Corporate Social Responsibility CSR. The broad provisions related to CSR are threefold and have been provided in Section 135 of the Companies Act, 2013 , Schedule VII and …

COVID-19 vaccination of non employees is eligible CSR fund spending – MCA Circular The Ministry of Corporate Affairs (MCA) had earlier clarified that spending of CSR funds for COVID-19 is an eligible CSR activity. In continuation to the said circular, MCA has now issued Circular 13/2021 dated 30th …

  Offsetting of excess Contribution of CSR funds to PM CARES made in FY 2019-20 against the requirement of CSR spending in FY 2020-21    Ministry of Corporate Affairs (MCA) has issued a clarification on offsetting the excess CSR spent for FY 2019-20   Offsetting of excess Contribution …

  ICAI FAQs on Accounting for amounts to be incurred towards CSR pursuant to Companies (CSR Policy) Amendment Rules 2021   The Accounting Standards Board of the Institute of Chartered Accountants of India (ICAI) has issued the following FAQ: Frequently Asked Question on Accounting for amounts to be …

  MCA Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’,‘ establishment of medical oxygen generation and storage plants’ etc. General Circular No. 09/2021 E-file no. CSR-01/5/2021-CSR-MCAGovernment of IndiaMinistry of Corporate Affairs   5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Marg, New …

Spending  of  CSR  funds for ‘setting up makeshift hospitals and temporary COVID Care facilities ‘ is an eligible CSR activity under Schedule VII of the Companies Act, 2013 General Circular No. 05/2021 E-file no. CSR-10 /9/2020-CSR-MCAGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, …

Sanction for prosecution accorded in 366 cases in violation of CSR provisions The Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha stated that whenever any violation of CSR provisions is reported, action against such non-compliant Companies are …

Companies (Corporate Social Responsibility Policy) Amendment Rules 2021 The MCA has made major changes to the provisions related to Corporate Social Responsibility (CSR) under section 135 of the Companies Act 2013 and CSR Policy Rules 2014. The Key amendments made include: (1) Corporate Social Responsibility  CSR has been …

Expenses on carrying out awareness campaigns/programmes or public outreach campaigns on COVID-19 Vaccination is eligible CSR activity General Circular No. 01/2021 E-file no. CSR-10/9/2020-CSR-MCAGovernment of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Marg, New Delhi- 110 001 Date: 13th January 2021 …