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Item (iv) of Schedule VII to the Companies Act, 2013 covers environmental sustainability and the conservation of natural resources. Contribution to which fund does that item expressly name?

Question and options

Item (iv) of Schedule VII to the Companies Act, 2013 covers environmental sustainability and the conservation of natural resources. Contribution to which fund does that item expressly name?

  1. PM CARES Fund

  2. Prime Minister's National Relief Fund

  3. Clean Ganga Fund

  4. Swachh Bharat Kosh

Answer and explanation

Correct answer: C - Clean Ganga Fund

Item (iv) of Schedule VII to the Companies Act, 2013 includes contribution to the Clean Ganga Fund set up by the Central Government for rejuvenation of the river Ganga. The Swachh Bharat Kosh is named in item (i), with sanitation, while the Prime Minister's National Relief Fund and the PM CARES Fund are named in item (viii). Contributions to all four count as CSR, but under different items.

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