MCA has vide its Notification No. G.S.R. 568(E) dated 06.08.2014 included slum area development in Activities which may be included by companies in their Corporate Social Responsibility Policies by inserting clause (xi) in Schedule VII of Companies Act, 2013.
Government of India
Ministry of Corporate Affairs
New Delhi, dated, the 06th August, 2014
G.S.R. 568(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 in Schedule VII of the said Act, namely:-
(1) In Schedule VII, after item (x), the following item and entry shall be inserted, namely:-
“(xi) slum area development.
Explanation.- For the purposes of this item, the term `slum area’ shall mean any area declared as such by the Central Government or any State Government or any other competent authority under any law for the time being in force.”
2. This notification shall come into force on the date of its publication in the Official Gazette.
[File Number 1/18/2013-CL-V]
(Amardeep S. Bhatia)
Joint Secretary to the Government of India