Ministry of Corporate Affairs vide its notification dated 23rd June 2020 amended clause (vi) of Corporate Social Responsibility Schedule VII of Companies Act 2013 which prescribes mandatory provisions for Companies to fulfill their CSR.
The amendment was made to include Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans & their dependents/ widows in Schedule VII of Companies Act 2013 as beneficiaries of CSR related measures.
Earlier, item (vi) Schedule VII of the said act only consisted of measures for the benefit of armed forces veterans, war widows and their dependents. This notification shall come into force immediately.
Click here to read the notification.
