Clarification on spending of CSR funds for COVID 19 Vaccination

The Circular issued by MCA on Clarification on spending of CSR funds for COVID 19 Vaccination:

Circular date 30.07.2021
Subject

Clarification on spending of CSR funds for COVID 19 Vaccination

Effective date 30.07.2021
Applicability

Companies on which CSR is applicable

 Brief description

This Ministry vide General Circular No. 10/2020 dated 23.03.2020 clarified that spending of CSR funds for COV1D-19 is an eligible CSR activity. In continuation to the said circular, it is further clarified that spending of CSR funds for COV1D-19 vaccination for persons other than the employees and their families, is an eligible CSR activity under item no. (i) of Schedule VII of the Companies Act, 2013 relating to promotion of health care including preventive health care and item no. (xii) relating to disaster management.

The companies may undertake the aforesaid activity subject to fulfillment of Companies (CSR Policy) Rules, 2014 and the circulars related to CSR issued by this Ministry from time to time.

Complete circular attached