CSR for War Widows and War Veterans

Schedule VII of the Companies Act, 2013, that enlists the eligible Corporate Social Responsibility (CSR) activities, already covers, inter-alia, ‘measures for the benefit of armed forces veterans, war widows and their dependents’ at item no. (vi). However, the decision to allocate CSR fund across various items of Schedule VII is taken by the Board of the Company under the provisions of the Act.

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.