Companies (Donations to National Funds) Act, 1951 empowers a company to make donations to the Gandhi National Memorial Fund or the SardarVallabhbhai National Memorial Fund, or to any other Fund established for a charitable purpose, which by reason of its national importance has been approved by the Central Government. However, the Government does not maintain the data with regard to contributions made by the companies.

This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Corporate Affairs in written reply to a question in Lok Sabha today.

Company donations to national funds permitted where funds have central approval; government does not maintain contribution records. Corporate donations to approved national funds are authorised by statute, permitting companies to contribute to specified memorial funds or other charitable funds of national importance that have Central Government approval; the Central Government does not maintain consolidated data on company contributions.