Clarification with respect to expenditure eligible for CSR spending
In view of the unprecedented pandemic, to incentivize the acts of social responsibility and spread awareness amongst the masses about the current Covid-19 situation, Ministry of Corporate Affairs (MCA) has come up with clarificatory circular about the activities that shall be eligible for CSR spending.
MCA vide General Circular No. 01/2021 dated 13.01.2021 has elucidated that the spending of CSR funds for the purpose of awareness campaigns / programmes or public outreach campaigns on Covid-19 vaccination programme is an eligible CSR activity. Further, it is made clear that the aforesaid activity maybe undertaken by the companies subject to the fulfillment of Companies (CSR Policy) Rules 2014 and the circulars as maybe issued by MCA from time to time.
Reference : http://mca.gov.in/Ministry/pdf/CSR2021_13012021.pdf