All Investments In COVID-19 Health Infrastructure Qualify As CSR Spending, Clarifies Corporate Affairs Ministry
by IANS - May 5, 2021 10:07 AM
An oxygen express with Oxygen tanker on it (representative image)
As part of efforts to quickly channelise funds for the development of the health infrastructure required to fight the Covid pandemic, the government has allowed investments in such activities to qualify as eligible corporate social responsibility (CSR) activities.
The Ministry of Corporate Affairs on Wednesday (5 May) clarified that spending of CSR funds directly or through pooling of resources for creating health infrastructure for COVID care are eligible CSR activities.
Resources for creating health infrastructure for COVID care , would include establishment of medical oxygen generation and storage plants and manufacturing and supply of Oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19 .
MoCA clarifies all investments in health infrastructure qualify as CSR spending
By IANS |
Published on
Wed, May 5 2021 15:12 IST |
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MoCA clarifies all investments in health infrastructure qualify as CSR spending. Image Source: IANS News
New Delhi, May 5 : As part of efforts to quickly channelise funds for the development of the health infrastructure required to fight the Covid pandemic, the government has allowed investments in such activities to qualify as eligible corporate social responsibility (CSR) activities.
The Ministry of Corporate Affairs on Wednesday clarified that spending of CSR funds directly or through pooling of resources for creating health infrastructure for COVID care are eligible CSR activities.
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Manmohan Juneja has been appointed as the administrator of Delhi Gymkhana.
New Delhi:
After National Company Law Appellate Tribunal (NCLAT) allowed the Centre to appoint an administrator at Delhi Gymkhana, the Ministry of Corporate Affairs on Monday appointed Manmohan Juneja to the post to oversee the affairs of the club. With immediate effect Manmohan Juneja, Officer on Special Duty (OSD), Ministry of Corporate Affairs (MCA) has taken over as Administrator of the Delhi Gymkhana Club, consequent upon order of the National Company Law Appellate Tribunal (NCLAT), Ministry of Corporate said in a release.
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After the appointment, Mr Juneja has taken over the management of the club from the general committee (GC). As per the NCLAT order, GC will be suspended.