In the Meeting of Board of Directors Dated 20 th September 2024, Pursuant to the provisions of section 135 of the Companies Act, 2013 and in compliance with CSR Rules, 2014, the Board has constituted a committee of the Board of Directors, named as “CORPORATE SOCIAL RESPONSIBILITY COMMITTEE” consisting of the following Directors of the Company:
| NAME OF THE MEMBER |
| Mr. Palathayi C. Ramchandran |
| Mrs. Alka Kanoria |
| Mr. Ajayprakash Kanoria |
| STATUS IN THE COMMITTEE |
| Chairman |
| Member |
| Member |
| NATURE OF DIRECTORSHIP |
| Non-Executive Independent Director |
| Director |
| Managing Director |
The Company Secretary of the Company shall act as a Secretary to the Committee. The scope and function of the Committee and its terms of reference shall be as per the policy of the Company.
The CSR Committee of the Board was formed vide Resolution passed in the meeting of the Board of Directors dated July 13, 2015.
The members of the committee, be and are hereby authorized to look after the compliances and be vested with all the duties and responsibilities as assigned to the committee by the provisions of sub-section (3) and (5) of the section 135 of the Companies Act, 2013.
The responsibility of the Committee shall, inter‐alia, include the following, namely
(a) Formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII ( list of activities are mentioned in annexure A of this policy);
(b) Recommend and spend the amount of expenditure to be incurred on the activities referred to in clause (a); and
(c) Monitor the Corporate Social Responsibility Policy of the company from time to time.
(d) Ensure that it does not include the activities undertaken in pursuance of normal course of business of a company.
(e) Ensure that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of company.
The Board of Emkay referred to in II shall,—
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- after taking into account the recommendations made by the Corporate Social Responsibility Committee, approve the Corporate Social Responsibility Policy for the company and disclose contents of such Policy in its report and also place it on the company’s website, if any, in such manner as may be prescribed; and
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- ensure that the activities as are included in Corporate Social Responsibility Policy of the company are undertaken by the company.
- ensure that the company spends, in every financial year, at least two percent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy.
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