CSR fund for buying Life insurance

Amit R Kumar (Querist) 04 February 2016 This query is : Resolved
Dear sir/mam
I am working as a LIC Underwriter. I just want to know that
Can any private or public company use CSR funds for buying endowment policies cum life insurance for the benefit of the employees or company itself?
As I suggest them for using such fund for the welfare of their employees as it will help them in retaining their employees for longer duration or they can use the maturity amount for the business growth in the future.

Kindly suggest, is it possible, if yes then how?

Thanks

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Kumar Doab (Expert) 04 February 2016
This is not a legal query.

You seem to be posting many such queries.

This is not the forum for such queries.

Ask your Company Secretary, Head-Acturial.

CSR funds can not be diverted.

Rajendra K Goyal (Expert) 05 February 2016
Not a legal query.

Adv. Yogen Kakade (Expert) 05 February 2016
not a legal query

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