MCA issues Clarification on Spending CSR Funds for ‘Har Ghar Tiranga’ Campaign [Read Circular]

MCA - CSR funds - "Har Ghar Tiranga" Campaign - Taxscan

The Ministry of Corporate Affairs (MCA) has issued a clarification on spending corporate social responsibility (CSR) funds for “Har Ghar Tiranga” campaign.

‘Har Ghar Tiranga’, a campaign under the aegis of Azadi Ka Amrit Mahotsav, is aimed to invoke the feeling of patriotism in the hearts of the people and to promote awareness about the Indian National Flag.

The Ministry, in its circular issued today, clarified that “In this regard, it is clarified that spending of CSR funds for the activities related to this campaign, such as mass scale production and supply of the National Flag, outreach and amplification efforts and other related activities, are eligible CSR activities under item no. (ii) of Schedule VII of the Companies Act, 2013 pertaining to the promotion of education relating to culture.”

“The companies may undertake the aforesaid activities, subject to fulfillment of the Companies (CSR Policy) Rules, 2014 and related circulars/ clarifications issued by the Ministry thereof, from time to time,” the Ministry said.

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