The Ministry of Corporate Affairs (MCA) has notified the further amendments in Schedule VII to the Companies Act, 2013, which shall come into force on the date of their publication in the Official Gazette.
The amendments are made in the item (ix) and the entries thereto, to substitute the same with the new clause. According to the amendments, contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government has been added in sub-clause (a) and new institutions have been to the list, which are engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).
