If PM Cares privately established, why company donations underneath CSR, asks Chidambaram

By: Express News Service | New Delhi |

Published: August 21, 2020 5:23:58 am

Chidambaram alleged that it’s “abundantly clear that the BJP authorities is making determined efforts to protect PM-CARES Fund from any sort of scrutiny”. (File)

Days after the Supreme Court dominated that the PM Cares Fund is a public charitable belief and there can’t be an audit by the Comptroller & Auditor General of India, senior Congress chief P Chidambaram Thursday requested why the Prime Minister and three ministers serving as Trustees within the fund if it was not arrange by the Central authorities.

Accusing the BJP authorities of protecting the fund from scrutiny, Chidambaram requested why donations to the fund are counted in opposition to CSR whether it is privately established. He requested if donations to different privately-established funds may also be counted in opposition to CSR.

“Was the Fund arrange by the Central authorities as concluded by the Ministry of Corporate Affairs? If not, who arrange the Fund and in what capability? If the Fund was not arrange by the central authorities, why are the PM and three Ministers serving as Trustees? Who appointed them as Trustees?” he requested in a sequence of tweets.

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“If the Fund is a non-public established fund, why are donations to the Fund counted in opposition to CSR? Will donations to different privately-established funds be additionally counted in opposition to CSR?” he requested.

Referring to studies that the Ministry of Corporate Affairs had amended the norms permitting company contributions to the PM Cares Fund to qualify as CSR spending underneath the businesses legislation, he requested “who authorised MCA to make a retrospective modification to the Schedule to the Companies Act inserting the identify of PM-CARES Fund within the Schedule?”

“Will MCA insert the names of different privately-established funds within the stated Schedule to the Companies Act? The retrospective modification in favour of a privately established fund is clearly an act of favouritism and discriminatory. It can be challenged,” he stated.

Chidambaram alleged that it’s “abundantly clear that the BJP authorities is making determined efforts to protect PM-CARES Fund from any sort of scrutiny”.

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