KESARI TOURS PRIVATE LIMITED CORPORATE SOCIAL RESPONSIBILITY POLICY

Transcription

1 CORPORATE SOCIAL RESPONSIBILITY POLICY

2 CONTENTS 1. Applicability & Concept of Corporate Social Responsibility 2. Vision and Mission of CSR 2.1.Objectives 2.2.CSR Activities/Projects/ Programmes 3. Management & Administration 3.1.Role & Responsibilities of Board 3.2.CSR Committee 4. Budget allocation 5. Execution Model 5.1.Process to undertake CSR Activities/Projects/Programmes 6. The CSR documentation

3 1. Applicability & Concept of Corporate Social Responsibility Over the years, we have been striving to achieve a fine balance of economic, environmental and social imperatives, while also paying attention to the needs and expectations of our stakeholders. Our corporate social responsibility is not limited to philanthropy, but encompasses holistic community development, institutional building and sustainability related initiatives. Our organisation is engaged in the business of organising tours and travel in India and Abroad. It is active participant in the Social activities, ever since its inception in corporate lexicon as Corporate Social responsibility, it has been already textured into our Group's value systems. The policy is in the Compliance of Section 135 of The Companies Act,2013 and the rules made there under. Due considerations also given on the Schedule VII of The Companies Act,2013 while identifying the CSR Activities/Projects/Programmes.

4 2. Vision and Mission of CSR 2.1. Objective : By defining this policy, Kesari adapted the vision of social activities which it can help to build a better sustainable way of life for the delicate sections of society and raise the country's human development index CSR Activities/ Projects/Programmes: The CSR Activities/ Projects/Programmes should be undertaken by the companies in Activities/Project/ Programmes (either new or ongoing) mode [as referred in Rule 4 (1) of The Companies CSR Rules, 2014]. The Activities covered under the Corporate Social Responsibility under The Companies Act,2013 and The Rules made there under: 1. Eradicating hunger, poverty and malnutrition covers: (i). Food supply as a mode of Disaster Relief (ii). Contribution to Govt. Schemes like Supply of mid- day meal by the Corporates through additional nutrition, 2. Promoting health care including preventive health care covers : (i) Medical aid, (ii) Provisions for aids and appliances to the differently able persons, (iii) Trauma care around highways in case of road accidents, giving medical and legal aid treatment to road accident victims (iv) Enabling access to, or improving the delivery of, public heath systems considered for reducing inequalities faced by socially and economically backward groups

5 And Sanitation including contribution to Swach Bharat Kosh set-up by the Central Government for promotion of sanitation and making available safe drinking water including contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga ; and includes supply of clean water as a mode of Disaster Relief. 3. Promoting education includes : i) Educating the masses and promotion of Road Safety awareness in all facets of road usage ii) Safety traffic engineering and awareness through print, audio and visual media iii) Donations to IIMA for conservation of buildings and renovations of classrooms iv) Consumer protection services under which the following is covered : a) Providing effective consumer grievance redressal mechanism b) Protecting consumer's heath and safety, sustainable consumption, consumer service, support and complaint resolution. c) Consumer protection activities d) Consumer rights to be mandated e) All Consumer protection programmes and activities on the same lines as Rural Development, Education etc.

6 Distributed laptops to Sainik Kalyan Vibhagh - Soldiers welfare. 10 laptops to needy solders' families for their self development in computerized world. A helping hand to Saath Trust - Spreading Smiles To Underprivileged Thalassaemia Children

7 v) Non Academic Techno Park TBI not located within an Academic Institution but approved and supported by Department of Science and technology covered under promoting Activity. Including special education and employment enhancing vocational skills which includes: a) Driver's training b) Capacity building for farmers covering best sustainable farm management practices c) Training Agriculture Labour on skill development, especially among children, women elderly people and the differently- abled individuals and livelihood enhancement projects; Both the Activities covered in (1) (2) and (3) above are to be liberally interpreted so as to capture the essence of subjects enumerated in the Schedule VII of The Companies Act,2013 (i) Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced includes abovementioned sub-clause(iv) of clause (1). (ii) Ensuring environmental sustainability, ecological balance which includes doing own research on the field for individual crops to find out the most cost optimum and Agri ecological sustainable farm practices., protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water which includes analysis of Product life Cycle from point of view of soil conservation and also includes Renewable energy Projects; (iii) Protection of national heritage, art and culture including restoration of buildings and sites of historical importance includes works of art; setting up public libraries;promotion and development of traditional arts and handicrafts; (iv) Measures for the benefit of armed forces veterans, war widows and their dependents; (v) Training to promote rural sports, nationally recognized sports, paralympic sports and Olympic Sports; (vi) Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Caste, Scheduled Tribes, other backward classes, minorities and women; (vii) Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government ;

8 (viii) Rural development means any Project meant for the development of rural India. (ix) Slum area development means any development of area declared as slum area by the Central Government or any other competent authority under any law for the time being in force. (x) Salaries paid by the companies to the regular CSR staff as well as to the volunteers of the companies (in proportion to Company's time/hours spent specifically on CSR) can be factored into CSR project cost as part of the CSR expenditure. (xii) Expenditure incurred by Foreign Holding Company for CSR activities in India will qualify as CSR spend of the Indian subsidiary if, the CSR expenditures are routed through Indian subsidiaries and if the Indian subsidiary is required to do so as per section 135 of the Act. (xiii) Contribution to corpus of a Trust/society/ section 8 companies etc. will qualify as CSR expenditure as long as (a) the Trust/society/section 8 companies etc.is created exclusively for undertaking CSR activities or (b) where the corpus is created exclusively for a purpose directly relatable to a subject covered in Schedule VII of the Act. (xiv) Research and studies is covered under the Respective areas of items defined above.

9 List of CSR Activities / Projects /Programmes undertaken by the Company: Modalities of Execution Through Trust Angel Quality education Foundation Construction of Building for 60 Through Registered Mentally Trust Challenged Adults Navkshitij Sr. No. Name of the project Activity as per Schedule VII 1 Promotion of education Provisions for aids and appliances to the differently able Persons Community rehabilitation center Through Public for leprosy Charitable Trust Patients Maharogi Sewa Samiti Promoting Healthcare Donation to School of Jankibai Shikshan handicapped Children Sanstha Enhancing Vocational Skills Promoting Healthcare Anandwan Providing medical Appliances Maha Sainik - FLAG DAY FUND CSR Team Help for soldiers family NASSCOM FOUNDATION CSR Team Digital Literacy NIVASI MATIMAND VIDYALAYA CSR Team Help for children Saath Trust CSR Team Help for Thalassomania patients Snehalaya CSR Team Classroom for children Duration Activities and Expenditure which are not covered under the CSR : 1. One-off events such as marathons/ awards/ charitable contribution/ advertisement/ sponsorship of TV programmes etc., 2. Expenses incurred by companies for the fulfillment of any Act/ Statute of regulations (such as Labour Laws, Land Acquisition Act etc.), 3. Training to enforcement personnel being establishment functions of the Government 4. Sustainable urban development and urban public transport system 5. US-India Physicians Exchange Programme- professional exchange of physicians between India and the United States 6. Capacity building of government officials and elected representatives both in the area of Public-Private Partnerships (PPPs) and urban infrastructure.

10

11 3. Management & Administration 3.1.Role & Responsibilities of Board 1. Constitution of CSR Committee in accordance with the provision of The Companies Act, Ensure the CSR Activities/Projects/Programme included in the policy are related to the activities covered under the Schedule VII of The Companies Act, Approving the CSR Activities/Projects/Programme as recommended by the CSR Committee 4. Ensure that in each financial year, the Company spends the approved budget in the Compliance of the section 135 of The Companies Act, Ensure the amount of expenditure committed by the company for CSR Activities/Projects/ Programmes is utilized effectively. 6. The Board of Directors may change the composition of the CSR Committee from time to time considering the amendments, notifications, circulars of The Companies Act, CSR Committee As provided under the Section 135 of The Companies Act,2013 and The Rules made there under, the company has constituted A CSR Committee and honourable members of the same are as follows 1. Mrs. Zelam Chaubal : Joint Managing Director 2. Mrs. Sangita Patil : Director 3. Mr. Himanshu Patil : Whole time Director Roles and Responsibilities of CSR Committee 1. Recommending CSR policy as per section 135 of The Companies Act, Identifying the CSR Activities/Projects/Programmes as per policy of the company and in compliance of the Schedule VII of The Companies Act, Setting up transparent monitoring mechanism for the implementation of CSR Activities/Projects/Programmes. 4. Ensure the implementation of the CSR Activities/ Projects/Programmes are undertaken as per the planning and the CSR policy. 5. Documentation and reports on the CSR Activities/Projects/Programmes

12 4. Budget allocation 1. To achieve the CSR Objective the Company would allocate the adequate CSR funds as per the budget with the approval of the Board. 2. Surplus arising out of CSR Activities/ Projects/ Programmes shall not form part of the business profit of the Company 5. Execution Model Our CSR committee carries out the CSR Activities/ Projects/ Programmes in following ways : 1. Through Company Directly ; 2. Company through a trust/society/ Section 8 company established in India 5.1. Process to undertake CSR Activities/Projects All CSR Activities/Projects/Programmes will be selected and implemented as per the following 4 step given below. i. Identification a. History of the Trust/ Society etc b. Year of establishment c. Main object of the Trust/Society etc. d. Annual reports of the Trust/ Society etc. e. Status of registration of Trust/Organisation under following act: (i) Societies Registration Act of 1860; (ii) Public Trusts registered under the Indian Trust Act 1882 (iii) Licensed company under Section 25 of The Companies Act 1956 or Section 8 of The Companies Act, 2013; (iv)registration under Foreign Contribution (Regulation) Act,1976; and other applicable laws including laws relating to taxation. f. Details of Beneficiaries g. PAN card and Bank details. ii. Planning : The Committee shall ensure the structured and effective planning for execution of CSR Activities/ Projects/Programmes. iii.execution The CSR Committee shall undertake all the necessary steps to implement the CSR Activities/Projects/Programmes.

13 iv.monitoring a) Periodic Review CSR Committee shall take periodic review and monitor the implementation of various programs, projects and activities in such manner as is desired to ensure the effective implementation. b) Annual Review CSR Committee will prepare Annual report on all the CSR projects and such report will be presented to the Board of Directors on or before a date prescribed by the Board. 6. The CSR documentation The CSR Committee shall also determine the manner of submission of information, reports, files, etc. by third parties as a part of the monitoring process. CSR Committee shall ensure that a transparent monitoring mechanism is put in place. Without prejudice to the generality of the contents of this policy, the Company may undertake CSR Activities /Projects/Programmes and as permitted under the framework of The Companies Act, 2013 from time to time (including any amendments,clarifications,circulars,notifications or other official communications from time to time). The Company may also carry out the purposes of this CSR policy in accordance with any amended position of law from time to time notwithstanding that such amended position is not reflected in this policy.