MANU/DCAF/0040/2021
Ministry : Ministry of Corporate Affairs
General Circular No. : 05/2021
Date : 22.04.2021
Notification/ Circulars Referred : General Circular No. 10/2020 dated 23.03.2020 MANU/DCAF/0052/2020
Subject: Company
Subject: Insolvency
Citing Reference:
General Circular No. 10/2020 dated 23.03.2020 MANU/DCAF/0052/2020 Referred
To,
All Stakeholders.
Clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities
Ma'am/Sir(s),
In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020 wherein it was clarified that spending of CSR funds for COVID-19 is an eligible CSR activity, it is further clarified that spending of CSR funds for 'setting up makeshift hospitals and temporary COVID Care facilities' is an eligible CSR activity under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013 relating to promotion of health care, including preventive health care, and, disaster management respectively.
2. The companies may undertake the aforesaid activities in consultation with State Governments subject to fulfillment of Companies (CSR Policy) Rules, 2014 and the circulars related to CSR issued by this Ministry from time to time.
3. This issues with the approval of competent authority.
[E-file no. CSR-10/9/2020-CSR-MCA]
Yours faithfully,
(Shobhit Srivastava)
Deputy Director (CSR Cell)