Home India Ministry of Corporate Affairs The Central Govt. hereby makes the following further amendme...
Date: 2014-08-07 Category: Extra Ordinary State: Union Government Country: India

The Central Govt. hereby makes the following further amendments in Schedule VII of the said Act.

Issued by Ministry of Corporate Affairs · NOT available

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Executive Summary & Key Takeaways

This notification, G.S.R. 568(E), issued by the Ministry of Corporate Affairs on August 6, 2014, amends Schedule VII of the Companies Act, 2013. The amendment, enacted under the powers conferred by subsection (1) of section 467 of the Act, inserts item (xi): "slum area development" after item (x) in Schedule VII. The notification provides an explanation, defining "slum area" as any area declared as such by the Central Government, any State Government, or any other competent authority under any law currently in force. This notification took effect on the date of its publication in the Official Gazette (August 7, 2014). The notification is filed under F. No. 1/18/2013-CL.V and is signed by Amardeep S. Bhatia, Joint Secretary. The original Schedule VII was effective from April 1, 2014, and was previously amended via notification number G.S.R. 130(E) dated February 27, 2014, and corrigendum G.S.R. 261(E) dated March 31, 2014.

Key Entities Referenced

Companies Act, 2013: A law enacted by the Parliament of India that regulates incorporation, operation and winding up of companies. Schedule VII: Refers to Schedule VII of the Companies Act, 2013, which specifies the activities that qualify as Corporate Social Responsibility (CSR). Central Government: The executive authority of the Union of India. Ministry of Corporate Affairs: A ministry in the Government of India responsible for regulating corporate affairs. New Delhi: The capital of India, where the notification was issued. Official Gazette: A public journal or official newspaper where government notifications and legal notices are published. slum area development: An area declared as such by the Central Government or any State Government or any other competent authority under any law for the time being in force. Amardeep S. Bhatia: Joint Secretary in the Ministry of Corporate Affairs, who signed the notification.
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