Providing relief, rehab and reconstruction facilities in case of disaster now come under CSR’s ambit

The MCA has notified the amendments to Schedule VII of the Companies Act, 2013 wherein list has been extended by including relief, rehabilitation, and reconstruction activities under CSR activities. The impact of amendment is huge as it allows the Companies to spend money on such area which are left behind. As, the Govt. felt necessary to amend the law and include relief, rehabilitation, and reconstruction activities under the head of disaster management under CSR activities.

from taxmann.com News https://www.taxmann.com/topstories/222330000000018701/providing-relief-rehab-and-reconstruction-facilities-in-case-of-disaster-now-come-under-csr’s-ambit.aspx