{"id":228227,"date":"2020-04-13T13:00:57","date_gmt":"2020-04-13T07:30:57","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=228227"},"modified":"2020-04-14T09:32:31","modified_gmt":"2020-04-14T04:02:31","slug":"cms-relief-fund-for-covid-19-shall-not-qualify-as-csr-expenditure","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/13\/cms-relief-fund-for-covid-19-shall-not-qualify-as-csr-expenditure\/","title":{"rendered":"CM’s Relief Fund for COVID 19 shall not qualify as CSR expenditure"},"content":{"rendered":"

The Ministry of Corporate Affairs (MCA) has been receiving several references\/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities.<\/p>\n

In this regard, a set of Frequently Asked Questions (FAQs) along with clarifications are provided below for better understanding of the stakeholders.<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

S. No.<\/strong><\/p>\n<\/td>\n

Frequently Asked Questions (FAQs)<\/strong><\/td>\n\n

Reply<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether contribution made to \u2018PM CARES Fund\u2019 shall qualify as CSR expenditure?<\/td>\nContribution made to \u2018PM CARES Fund\u2019 shall qualify as CSR expenditure under item no (viii) of Schedule VII of the Companies Act, 2013 and it has been further clarified vide Office memorandum F. No. CSR-05\/1\/2020-CSR-MCA dated 28th March, 2020.<\/td>\n<\/tr>\n
\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether contribution made to \u2018Chief\u00a0 Minister\u2019s Relief Funds\u2019 or \u2018State Relief Fund for COVID-19\u2019 shall qualify as CSR expenditure?<\/td>\nChief Minister\u2019s Relief Fund\u2019 or \u2018State Relief Fund for COVID-19\u2019 is not included in Schedule VII of the Companies Act, 2013 and therefore any contribution to such funds shall not qualify as admissible CSR expenditure.<\/td>\n<\/tr>\n
\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether contribution made to State Disaster Management Authority shall qualify as CSR expenditure?<\/td>\nContribution made to State Disaster Management Authority to combat COVID-19 shall qualify as CSR expenditure under item no (xii) of Schedule VII of the 2013 and clarified vide general circular No. 10\/2020 dated 23rd March, 2020.<\/td>\n<\/tr>\n
\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether spending of CSR funds for COVID-19 related activities shall qualify as CSR expenditure?<\/td>\nMinistry vide general circular No. 10\/2020 dated 23rd March, 2020 has clarified that spending CSR funds for COVID-19 related activities shall qualify as CSR expenditure. It is further clarified that funds may be spent for various activities related to COVID-19 under items nos. (i) and (xii) of Schedule VII relating to promotion of health care including preventive health care and sanitation, and disaster management. Further, as per general circular No. 21\/2014 dated 18.06.2014, items in Schedule VII are broad based and may be interpreted liberally for this purpose.<\/td>\n<\/tr>\n
\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether payment of salary\/wages to employees and workers, including contract labour, during the lockdown period can be adjusted against the CSR expenditure of the companies?<\/td>\nPayment of salary\/ wages in normal circumstances is a contractual and statutory obligation of the company. Similarly, payment of salary\/ wages to employees and workers even during the lockdown period is a moral obligation of the employers, as they have no alternative source of employment or livelihood during this period. Thus, payment of salary\/ wages to employees and workers during the lockdown period (including imposition of other social distancing requirements) shall not qualify as admissible CSR expenditure.<\/td>\n<\/tr>\n
\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether payment of wages made to casual \/daily wage workers during the lockdown period can be adjusted against the CSR expenditure of the companies?<\/td>\nPayment of wages to temporary or casual or daily wage workers during the lockdown period is part of the moral\/ humanitarian\/ contractual obligations of the company and is applicable to all companies irrespective of whether they have any legal obligation for CSR contribution under section 135 of the Companies Act 2013. Hence, payment of wages to temporary or casual or daily wage workers during the lockdown period shall not count towards CSR expenditure.<\/td>\n<\/tr>\n
\n
    \n
  1. <\/li>\n<\/ol>\n<\/td>\n
Whether payment of ex-gratia to temporary \/casual \/daily wage workers shall qualify as CSR expenditure?<\/td>\nIf any ex-gratia payment is made to temporary \/ casual workers\/ daily wage workers over and above the disbursement of wages, specifically for the purpose of fighting COVID 19, the same shall be admissible towards CSR expenditure as a onetime exception provided there is an explicit declaration to that effect by the Board of the company, which is duly certified by the statutory auditor.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Ministry of Corporate Affairs<\/strong><\/p>\n

[Press Release dt. 11-04-2020]<\/strong><\/p>\n

[Source: PIB]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of Corporate Affairs (MCA) has been receiving several references\/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure <\/p>\n","protected":false},"author":8808,"featured_media":209748,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[40646,39839,39924,40645,16591,40649,40648,40647],"class_list":["post-228227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-chief-ministers-relief-fund","tag-coronavirus","tag-covid-19","tag-csr-fund","tag-ex-gratia","tag-pm-cares-fund","tag-schedule-vii-of-the-companies-act-2013","tag-state-relief-fund"],"yoast_head":"\nCM's Relief Fund for COVID 19 shall not qualify as CSR expenditure | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, 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2020","format":false,"excerpt":"Centre makes amendment to Schedule VII of Companies Act, 2013 to include \"PM CARES Fund\" as a Corporate Social responsibility. 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Corporate Social Responsibility (Rule 2) The Amendment modifies the definition of Corporate Social Responsibility (CSR) in order to\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/companies-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/companies-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/companies-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/companies-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/02\/companies-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":234137,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/08\/18\/sc-refuses-to-direct-transfer-of-money-deposited-to-pm-cares-to-ndrf\/","url_meta":{"origin":228227,"position":2},"title":"SC refuses to direct transfer of money deposited to PM CARES to NDRF [DETAILED REPORT]","author":"Prachi Bhardwaj","date":"August 18, 2020","format":false,"excerpt":"\u201cWhen the Central Government is providing financial assistance to the States to contain COVID-19 it is not for any PIL petitioner to say that Centre should give amount from this fund or that fund.\u201d Supreme Court: Refusing to direct the money in the Prime Minister\u2019s Citizen Assistance and Relief in\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":261064,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/02\/04\/interplay-between-csr-and-gst\/","url_meta":{"origin":228227,"position":3},"title":"Interplay between CSR and GST","author":"Editor","date":"February 4, 2022","format":false,"excerpt":"by Yash Vardhan Garu* and Akansha Bohra**","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/CSR-GST.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/CSR-GST.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/CSR-GST.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/CSR-GST.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/CSR-GST.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":252577,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/12\/mca-amends-schedule-iii-of-companies-act\/","url_meta":{"origin":228227,"position":4},"title":"MCA amends schedule III of Companies Act on disclosure norms in financial statements","author":"Bhumika Indulia","date":"August 12, 2021","format":false,"excerpt":"On August 10, 2021, the Ministry of Corporate Affairs has stated various disclosures to be made by companies in their financial statements under the Schedule III of the Companies Act, 2013 effective from April 01, 2021 which were amended vide notification dated March 24, 2021. The new disclosures with respect\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-140.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-140.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-140.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-140.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-140.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":227754,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/breaking-president-promulgates-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020\/","url_meta":{"origin":228227,"position":5},"title":"Breaking | President promulgates — Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020","author":"Bhumika Indulia","date":"April 1, 2020","format":false,"excerpt":"Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 has been promulgated to provide relaxation in the provisions of certain Acts and for matters connected therewith or incidental thereto. In view of the spread of pandemic COVID-l 9 across many countries of the world including India, causing immense loss\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/228227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=228227"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/228227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/209748"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=228227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=228227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=228227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}