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Earlier, the MCA vide Circular No. 10/2020 dated 23.03.2020 had clarified that spending of CSR funds for COVID-19 was an eligible CSR activity. In furtherance thereto, the MCA vide General Circular No. 13/2021 dated 30 July 2021 has further clarified that spending of CSR funds for COVID-19 vaccination for persons other than employees and their family shall be eligible as a CSR activity. The above-mentioned activities shall be classifiable as CSR expenditure under the following heads:
The Companies can undertake aforesaid activity subject to fulfilment of the Companies (CSR Policy) Rules, 2004 along with the CSR Circulars issued by MCA from time to time.
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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