Home India Ministry of Corporate Affairs In exercise of the powers conferred by subsection 1 of secti...
Date: 2020-05-26 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection 1 of section 467 of the Companies Act,

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 313(E), issued by the Ministry of Corporate Affairs on May 26, 2020, effective from March 28, 2020, amends Schedule VII of the Companies Act, 2013. Specifically, it modifies item (viii) of Schedule VII to include "Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)" alongside "Prime Minister's National Relief Fund" as an eligible recipient for Corporate Social Responsibility (CSR) contributions. This amendment is enacted under the powers conferred by subsection (1) of section 467 of the Companies Act, 2013 (18 of 2013). The notification was issued by Gyaneshwar Kumar Singh, Joint Secretary.

Key Entities Referenced

Ministry of Corporate Affairs: The government ministry responsible for the notification. New Delhi: The city where the notification was issued. Companies Act, 2013: The primary legislation being amended by this notification. Schedule VII: The specific schedule of the Companies Act, 2013, being amended. Prime Ministers National Relief Fund: A fund that existed before this notification, and is mentioned in Schedule VII. Prime Ministers Citizen Assistance and Relief in Emergency Situations Fund: Also known as PM CARES Fund. A new fund added to Schedule VII of the Companies Act, 2013. PM CARES Fund: An alternative name of Prime Ministers Citizen Assistance and Relief in Emergency Situations Fund. A new fund added to Schedule VII of the Companies Act, 2013. GYANESHWAR KUMAR SINGH: The Joint Secretary who signed the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एलxx.x-GअI.D-E2x6x0x 52020-219562 CG-DL-E-26052020-219562 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 238] नई ददल्ली, मगं लवार, मई 26, 2020/ज्य ष्े ठ 5, 1942 No. 238] NEW DELHI, TUESDAY, MAY 26, 2020/JYAISHTHA 5, 1942 कारपोरेट काय यमत्रं ालय अजधसचू ना नई ददल्ली, 26 मई, 2020 सा.का.जन. 313(अ).—केंद्रीय सरकार, कंपनी अजधजनयम, 2013 (2013 का 18) की धारा 467 की उप- धारा (1) द्वारा प्रदत्त िजतियय का प्रयोग करते ुए, उतिय अजधजनयम की अनुसूची-VII का जनम्नजलजखत और संिोधन करती ह,ै अथायत:् — अनुसूची-VII के, मद (viii) में, “प्रधानमंत्री राष्ट्रीय राहत कोष” िब्द के पश्चात्, “आपात जस्ट्थजतय म ें प्रधानमंत्री नागररक सहायता और राहत कोष (पीएम केयसय फंड)” िब्द को अतं :स्ट्थाजपत दकया िाएगा। 2. यह अजधसूचना तारीख 28 माचय, 2020 से प्रभावी मानी िाएगी। [फा.सं.13/18/2019-सीएसआर] ज्ञानेश्वर कुमार ससह, संयुतिय सजचव रटप्पण : अनुसूची-VII तारीख 01 अप्रलै , 2014 से प्रवृत ुई थी और अजधसूचना संख्या सा.का.जन. 130(अ) तारीख 27 फरवरी, 2014, िजु ि-पत्र संख्या सा.का.जन. 261(अ) तारीख 31 माचय, 2014, अजधसूचना संख्या सा.का.जन. 568(अ) तारीख 06 अगस्ट्त, 2014, अजधसूचना संख्या सा.का.जन. 741(अ) तारीख 24 अतियूबर, 2014, अजधसूचना संख्या सा.का.जन. 390(अ) तारीख 30 मई, 2019, अजधसूचना संख्या सा.का.जन. 776(अ) तारीख 11 अतियूबर, 2019 और िजु िपत्र संख्या सा.का.जन. 859(अ) तारीख 19 नवंबर, 2019 के द्वारा संिोजधत (01 अप्रलै , 2014 से प्रभावी) की गई। 2253 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th May, 2020 G.S.R. 313(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 amendment to Schedule VII of the said Act, namely:— In Schedule VII, item (viii), after the words “Prime Minister’s National Relief Fund”, the words “or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)” shall be inserted. 2. This notification shall be deemed to have come into force on 28th March, 2020. [F. No. 13/18/2019-CSR] GYANESHWAR KUMAR SINGH, Jt. Secy. Note : The Schedule VII was brought into force with effect from the 1st April, 2014 and was amended (effective from the 1st April, 2014) vide notification number G.S.R. 130(E), dated the 27th February, 2014, Corrigenda number G.S.R. 261(E), dated the 31st March, 2014, notification number G.S.R. 568(E), dated the 6th August, 2014, notification number G.S.R. 741(E), dated the 24th October, 2014, notification number G.S.R. 390(E), dated the 30th May, 2019, notification number G.S.R. 776(E), dated the 11th October, 2019 and Corrigenda number G.S.R. 859(E), dated the 19th November, 2019. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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