POLICY ON CORPORATE SOCIAL RESPONSIBILITY (CSR)
Short title and applicability
The main objective of the CSR Policy is to lay down guidelines for the Corporate Social Responsibility Activities of Centre for Digestive & Kidney Diseases (India) Private Limited (hereinafter stated as “Company”).
The Company continues to strive to transform the business environment in which it operates. The Company endeavours to create an environment which progresses towards realizing a prosperous and healthy society. The Company aims to design its CSR initiatives, in alignment with its objective of enhancing the quality of life in all aspects.
The Company aims to be a good corporate citizen by subscribing to the principles of integrating its economic, environmental and social objectives, and effectively utilizing its resources towards improving the quality of life and building capacities of the society at large.
Objectives
- To ensure an increased commitment at all levels in the organization, to operate its business in an economically, socially & environmentally sustainable manner, while recognizing the interest of all its stakeholders
To directly or indirectly take up programs that benefit the communities, preferably but not necessarily in or around its place of operation
Governance
As required under the provisions of the Companies Act, 2013 and the Rules made thereunder, the Company will allocate in every financial year, at least 2% of the average net profits of the Company made during the three immediately preceding financial years, as its Annual CSR Budget. The amount shall be spent on those activities as mentioned under Schedule VII of the Companies Act, 2013 and the Rules made thereunder, as amended from time to time., which are enclosed as ANNEXURE – A to the CSR Policy.
The Board has the authority to allocate and determine the focus area to contribute the CSR budgets to various programs/projects. There is no restriction on spending the entire amount in one single project and can be spent over multiple projects.
Powers for approval
All CSR programs identified will be tabled before the Board of Directors, for its evaluation, with due recommendations of the authorised management team.
Monitoring and feedback
To ensure effective implementation of the CSR programs undertaken, a monitoring mechanism will be put in place. The progress of CSR programs under implementation at various locations will be reported to the Board on a regular basis, in the Quarterly Board Meetings (or) Half Yearly Meetings.
CSR initiatives of the Company will also be reported in the Annual Report of the Company as per the Companies Act, 2013, in terms of statutory compliance.
General
In the event of any conflict between the provisions of this Policy and those of the Companies Act, 2013 or any other statutory enactments, rules, the provisions of such Companies Act, 2013 or statutory enactments, rules shall prevail over this policy.
The Board reserves the right to modify, cancel, add, or amend any of the matters in this policy.
ANNEXURE - A
CORPORATE SOCIAL RESPONSIBILITY POLICY “CSR Policy”
(IN CONSONANCE TO SCHEDULE VII OF THE COMPANIES ACT, 2013)
The following are the types of CSR activities under the Companies Act 2013, to which the Company can contribute:
- (i) eradicating hunger, poverty and malnutrition, promoting health care, including preventive health care and sanitation, including contribution to the Swach Bharat Kosh set up by the Central Government for the promotion of sanitation and making available safe drinking water;
- (ii) promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
- (iii) promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
- (iv) ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga;
- (v) protection of National Heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;
- (vi) measure for the benefit of armed force veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows;
- (vii) training to promote rural sports, nationally recognized sports, Paralympic sports and Olympics sports;
- (viii) contribution to the Prime Minister’s National Relief Fund or Prime Minister's Central Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Schedule Tribes, other backward classes, minorities and women;
(ix) (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and
(b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Défense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).
- (ix) Defence Research and Development Organisation (DRDO), Department of Biotechnology (DBT)
- (x) rural development projects.
- (xi) slum area development.
- (xii) disaster management, including relief, rehabilitation and reconstruction activities.