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HOME  SEC. 135 AND SCHEDULE VII OF COMPANIES ACT 2013

SEC. 135 AND SCHEDULE VII OF COMPANIES ACT 2013

CORPORATE SOCIAL RESPONSIBILITY

1. Every company having net worth of rupees ve hundred crore or more, or turnover of rupees one thousand crore or more or a net pro t of
rupees ve crore or more during any nancial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of
three or more directors, out of which at least one director shall be an independent director.

2. The Board's report under sub-section (3) of section 134 shall disclose the composition of the Corporate Social Responsibility Committee.

3. The Corporate Social Responsibility Committee shall, —

a. formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by
the company as speci ed in Schedule VII;

b. recommend 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.

4. The Board of every company referred to in sub-section (1) shall, —

a. formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by
the company as speci ed in Schedule VII;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

b. ensure that the activities as are included in Corporate Social Responsibility Policy of the company are undertaken by the company.

5. The Board of every company referred to in sub-section (1), shall ensure that the company spends, in every nancial year, at least two per cent
of the average net pro ts of the Company made during the three immediately preceding nancial years,in pursuance of its Corporate Social
Responsibility Policy:

- Provided that the company shall give preference to the local area and areas around it where it operates, for spending the amount
earmarked for Corporate Social Responsibility activities:

- Provided further that if the company fails to spend such amount, the Board shall, in its report made under clause (o) of sub-section (3) of
section 134, specify the reasons for not spending the amount.

Explanation. —For the purposes of this section “average net pro t” shall be calculated in accordance with the provisions of section 198.

SCHEDULE VII

The Policy recognizes that corporate social responsibility is not merely compliance; it is a commitment to support initiatives that measurably
improve the lives of underprivileged by one or more of the following focus areas as noti ed under Section 135 of the Companies Act 2013 and
Companies (Corporate Social Responsibility Policy) Rules 2014:

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Promotion of Education Eradication of Extreme Hunger and Poverty Gender Equity and Women Empowerment

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Combating HIV-AIDS, Malaria and Other Environmental Sustainability Social Business Projects
Diseases

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Contribution to Prime Minister's Relief Fund Employment Enhancing Vocational Skills Such other Matters as may be prescribed
and Other Such State and Central Funds

Activities which may be included by companies in their Corporate Social Responsibility Policies Activities relating to: —

1. Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution
to the Swachh Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.

2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and
the differently abled and livelihood enhancement projects.

3. 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;

4. Ensuring environmental sustainability, ecological balance, protection of ora and fauna, animal welfare, agroforestry, conservation of natural
resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for
rejuvenation of river Ganga;

5. 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;

6. measures for the bene t of armed forces veteran, war widows and their dependents;

7. Training to promote rural sports nationally recognized sports and Olympic sports;

8. PM Relief fund: 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 Castes, the Scheduled Tribes, other backward classes, minorities and women;
and

- Inserted vide Noti cation dated 24.10.2014

 9. contributions or funds provided to technology incubators located within academic institutions which are approved by the Central
Government;

10. Rural development projects.

11. slum area development

Explanation. —For the purposes of this item, the term ‘slum area’ shall mean any area declared as such by the Central Government or any State
Government or any other competent authority under any law for the time being in force.

a. In item (i), after words "and sanitation", the words "including contribution to the Swach Bharat Kosh set-up by the Central Government for
the promotion of sanitation" shall be inserted;

b. In item (iv), after the words "and water "the words "including contribution to the Clean Ganga Fund set-up by the Central Government for
rejuvenation of river Ganga" shall be inserted;

Amount spent in above activities are quali ed as CSR activities the interpretation of Sch. VII is broad and open and its scope is wide to help of
Corporates.

Sponsored by

Nodal O cer: Sanjeev Saxena, Joint Director, Industries (CSR)

Ph.No: 1 4 1 -2 2 2 7 7 2 7 E m ail: indrajfo8 @ rajasthan.gov.in, csrrajasthan@ rajasthan.gov.in

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