Schedule VII of the Companies Act, 2013 lists activities eligible for expenditure by companies for implementation of their Corporate Social Responsibility (CSR), and includes building of schools, etc.

This being the first year of implementation of CSR policies, relevant company filings would be available only towards end of the year 2015. It is premature to form an idea about the actual implementation at this juncture.

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

CSR activities listed in Schedule VII; eligibility specified, implementation data not yet available for first-year assessment Schedule VII identifies activities qualifying as permissible Corporate Social Responsibility expenditure, including construction of schools, thereby delineating the statutory scope of eligible CSR projects; company disclosures evidencing compliance will only be available at the end of the initial reporting year, so current assessment of implementation is premature.