shantanu

The Ministry of Corporate Affairs keeping in view of the spread of novel Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organization (WHO), and, decision of Government of India to treat this as a notified disaster, have clarified that spending of CSR funds for COVID-19 is eligible for CSR activity. Funds may be spent for various activities related to COVID-19 under item nos. (i) and (xii) of Schedule VII relating…

The Central Government clarified that for the period beginning from the commencement of the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 and ending on the 30th June, 2020, the meetings on matters referred herein below may be held through video conferencing or other audio visual means The approval of annual financial statements; The approval of the Board’s Report; The approval of the prospectus; The audit committee meetings for consideration of financial statement…