CSR funds can be spent for Awareness and public outreach on COVID-19 Vaccination programme.

Please find attached circular issued by MCA (Clarification on spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme) . The brief summary of the circular is detailed below:

1 Circular date 13.01.2021
2 Subject Clarification on spending of CSR funds for Awareness and public outreach on COVID-19 Vaccination programme
3 Effective date  13.01.2021
4 Applicability As per circular attached
 

5

 

Brief description

MCA has further clarified that spending of CSR funds for carrying out awareness campaigns/ programmes or public outreach campaigns on COVID-19 Vaccination Programme is an eligible CSR activity under Schedule VII of the Companies Act, 2013.
5 Impact This step has been taken to give another option to companies to invest their profit in welfare to the society.

 For your reference all circulars attached herewith.