Clarification on offsetting the excess CSR spent for FY 2019-20

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..... Subject: Clarification on offsetting the excess CSR spent for FY 2019-20 - reg. Madam/ Sir, Keeping in view the spread of COVID-19 in India, an appeal dated 30.03.2020 was made to MDs/CEOs of top 1000 companies in terms of market capitalization, to contribute generously to Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). In the appeal, i .....

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..... -21. 3. The issues raised in the said representations have been examined in the Ministry and accordingly, it is hereby clarified that where a company has contributed any amount to PM CARES Fund on 31.03.2020, which is over and above the minimum amount as prescribed under section 135(5) of the Companies Act, 2013 ( Act ) for FY 2019-20, and such excess amount or part thereof is offset agai .....

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