Contributions By Corporates To PM CARES Fund To Be Considered As CSR Activity: Centre Amends Schedule VII Of Companies Act [Read Notification]

Contributions made by companies to PM CARES will be considered as Corporate Social Responsibility funds under the Companies Act 2013. The Government has issued a notification amending Schedule VII of the Companies Act 2013 for this purpose. The notification shall be deemed to have come into force on 28th March, 2020. Section 135 of the Companies Act, 2013, mandates all companies, having...