As press release issued by Ministry of Corporate Affairs today i.e. 10th April,2020, the Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India, the three Professional Institutes under the Ministry of Corporate Affairs, have come forward to donate an amount of Rs 28.80 crore to PM-CARES Fund for providing assistance to those impacted by the COVID-19 pandemic.
The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on 28th March 2020 following the COVID-19 pandemic in India.This dedicated national fund has been set up with the primary objective of dealing with any kind of emergency or distress situation as posed by the COVID-19 pandemic, and to provide relief to the affected people.
The details of donations are as below: –
(Rs. in crore)
| S.No. | ORGANIZATION | CONTRIBUTION FROM INSTITUTE | MEMBERS/STAFF CONTRIBUTION | TOTAL |
| 1 | The Institute of Chartered Accountants of India | 15.00 | 6.00 | 21.00 |
| 2 | Institute of Company Secretaries of India | 5.00 | 0.25 | 5.25 |
| 3 | Institute of Cost Accountants of India | 2.50 | 0.05 | 2.55 |
| Total | 22.50 | 6.30 | 28.80 |
Frah Saeed is a law graduate specializing in the core field of indirect taxes and is the Co-founder of taxwallah.com. She has authored many publications on GST and is into full-time consultancy on GST to big corporates. She as a part of taxwallah.com heads a team comprising of Chartered Accountants and Advocates and plays a key role in our mission to disseminate GST knowledge to all.
