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Donations to PM CARES fund to now be considered as CSR spend

Updated : May 27, 2020 08:24 PM IST

The Ministry of Corporate Affairs (MCA) via a notification dated May 26 has included PM CARES Fund in the Schedule VII of the Companies Act, 2013 along with ‘the Prime Minister’s National Relief Fund’.
The changes are made with a retrospective effect, a government official told CNBC-TV18.
Donations to PM CARES fund to now be considered as CSR spend

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