MCA amends Schedule VII of Companies Act, 2013

MCA amends Schedule VII of Companies Act, 2013 and included disaster management, including relief, rehabilitation and reconstruction activities in Corporate Social Responsibility (CSR) Activities under Section 135 of Companies Act, 2013.

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 30th May, 2019

G.S.R. 390(E).-In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to Schedule VII of the said Act, namely:-

In the said Schedule VII, after item (xi) and the entries relating thereto, the following item and entries shall be inserted, namely:-

“(xii) disaster management, including relief, rehabilitation and reconstruction activities.”

2. This notification shall come into force on the date of its publication in the Official Gazette.

[F. No. 05/01/2019-CSR]

K. V. R. MURTY, Jt. Secy.

Note: The Schedule VII was brought into force with effect from the 1^st April, 2014 and was amended (effective from the 1^st April, 2014) vide notification number GSR 130(E), dated the 27^th February, 2014, Corrigenda number GSR 261(E) dated the 31^st March, 2014, notification number GSR 568(E), dated the 6^th August, 2014 and notification number GSR 741(E), dated the 24^th October, 2014.