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<h1>Amendment to Companies Act 2013: Schedule VII Now Includes Contributions to R&D in Science and Technology.</h1> The Central Government, under the Companies Act, 2013, has amended Schedule VII to include new provisions for item (ix). The amendment allows contributions to incubators or research and development projects in science, technology, engineering, and medicine, funded by government bodies. It also permits contributions to public-funded universities, IITs, and various national research organizations engaged in promoting Sustainable Development Goals. This amendment aims to enhance support for scientific and technological research and development. The notification was issued by the Ministry of Corporate Affairs and took effect upon its publication in the Official Gazette on August 24, 2020.