MCA has issued circular on any spendings made for COVID-2019 is eligible for CSR Activity

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The Ministry of Corporate Affairs (“MCA”) has issued a General Circular No. 10/22020 dated March 23, 2020, which clarified that spending of CSR funds for COVID – 2019 is eligible for CSR Activity. The spendings can be made for various activities related to COVID – 2019 under item number (i) and (xii) of Schedule VII relating to the promotion of Health Care, Preventive Health Care and sanitation and disaster management.

The Circular can be accessed at: http://www.mca.gov.in/Ministry/pdf/Covid_23032020.pdf

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