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CSR Committee

The CSR Committee will consist of three Directors, who shall meet at least twice a year to discuss and review the CSR activities and policy. The quorum shall be two members and are required to be present before the proceedings take place. The Chairman and members of the committee are as follows: 
rajesh-kumar-ram
Shri Rajesh Kumar Ram
Director & Chairman of the Committee
Shri Uddalok Bhattacharya
Director
Atul (1)
Shri Atul Kumar Purbey
Managing Director of the Company
The CSR committee will recommend a formal CSR Policy and particular CSR activities.

CSR Activities

The Policy recognizes the following activities for the compliance of the Corporate Social Responsibility as notified under Section 135 of the Companies Act 2013 and Companies (Corporate Social Responsibility Policy) Rules 2014

  • Eradicating hunger, poverty & malnutrition, promoting preventive health care & sanitation & making available safe drinking water; 
  • Promoting education, including special education & employment enhancing vocation skills, especially among children, women, elderly & the differently unable & livelihood enhancement projects; 
  • Promoting gender equality, empowering women, setting up homes & hostels for women & orphans, setting up old age homes, day care centres & such other facilities for senior citizens & measures for reducing inequalities faced by socially & economically backward groups; 
  • Ensuring environmental sustainability, ecological balance, protection of flora & fauna, animal welfare, agroforestry, conservation of natural resources & maintaining the quality of soil, air & water.
  • Contribution to the Prime Minister‘s National Relief Fund or any other fund set up by the Central Government for socio-economic development & relief & welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities & women; 

Budget 

The Board of Directors of the company shall ensure that in each financial year (where CSR provisions are applicable), the Company spends at least 2% of the average Net Profit made during the three immediate preceding financial years. The tax treatment of CSR spent will be in accordance with the Income Tax Act, 1961 as may be notified by the central board of Direct taxes. 

Amendments to the policy

The Board of Directors on its own and/or on the recommendation of CSR committee can amend its policy as and when required or deemed fit. Any or all provisions of CSR Policy would be subjected to revision/amendment in accordance with the regulations on the subject as may be issued from relevant statutory authorities, from time to time.

When a company ceases to be covered Under Section 135

Rule 3(2) of the Corporate Social Responsibility Rules, 2014 provides that every company which ceases to be a company covered under section 135(1) of the Act for three consecutive financial years shall not be required to: 

a. constitute a CSR Committee; and 

b. comply with the provisions contained in sub-section (2) to (5) of the said section till such time it meets the criteria specified in sub-section (1) of Section 135. 

Accordingly, if a company, for 3 consecutive years, ceases to be covered under the ambit of section 135(1), it shall not be required to fulfill the conditions relating to the constitution of CSR Committee and other related provisions.