Corporate Social Responsibility Committee
Our CSR committee was constituted by a resolution of our Board dated May 9, 2014, in compliance with section 135 of the Companies Act, 2013 and was thereafter reconstituted by a board resolution dated February 12, 2016
The Terms of reference of Corporate Social Responsibility Committee shall, inter-alia, include the following:
- To formulate and recommend to the Board, a corporate social responsibility policy which will indicate the activities to be undertaken by the Company in accordance with Schedule VII of the Companies Act, 2013;
- To review and recommend the amount of expenditure to be incurred on the activities to be undertaken by the Company;
- To monitor the corporate social responsibility policy of the Company from time to time;
- Any other matter as the Corporate Social Responsibility Committee may deem appropriate after approval of the Board of Directors or as may be directed by the Board of Directors from time to time pursuant to the provisions of Section 135 of the Companies Act and rules in relation thereto, as amended from time to time.
The quorum for the Corporate Social Responsibility Committee meeting shall be one-third of its total strength (any fraction contained in that one-third be rounded off as one) or two members, whichever is higher.
The Company Secretary to the Company shall act as Secretary to the Corporate Social Responsibility Committee.