Services
CSR POLICY
The CSR Concept & Applicability
Corporate responsibility towards the stakeholders is fast emerging as one of the major considerations for business in the country. Organizations are gradually shifting their attention towards a wider view of social concerns while conducting their businesses. Corporate Social Responsibility (CSR) aims at connecting business to society, wherein the business chooses areas of engagement with the local communities and people at large. The broader objective of CSR is to contribute with responsibility towards a better society and a cleaner environment.
While this Policy document defines the CSR Vision of Rose IT Solutions Private Limited ("RITS" or "Company"), it explains the structure and method of implementation. The Policy is in compliance with Section 135 of the Company Act, 2013 and the rules notified there under. Due considerations were also given to Schedule VII of the Act while identifying the focus of CSR programs.
OBJECTIVE OF CSR POLICY
Rose IT Solutions Private Limited Policy intends to:
- Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and society.
- To support schools, colleges, training institutes, Bala mandirs, study centers, universities, planetarium and other institutions for imparting education, vocational skills, livelihood enhancement projects and training to students.
- Strive for economic developments that positively impact society at large with minimal resource footprint.
CSR FOCUS AREAS
In accordance with the requirements under the Companies Act, 2013, Rose IT Solutions Private Limited CSR activities, amongst others, will focus on:
- HUNGER, POVERTY, MALNUTRITION AND HEALTH: Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water.
- EDUCATION: Promoting education, including special education and employment enhancing vocational skills especially among children, women, elderly and the different abled and livelihood enhancement projects, monetary contributions to academic institutions for establishing endowment funds, chairs, laboratories etc., with the objective of assisting students in their studies.
- GENDER EQUALITY AND EMPOWERMENT OF WOMEN: Promoting gender equality and empowering women, setting up homes, hostels and day care centers for women and orphans; setting up old age homes and such other facilities for senior citizens and adopting measures for reducing inequalities faced by socially and economically backward groups.
- ENVIORNMENTAL SUSTAINABILITY: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and manufacturing the quality of soil, air and water.
- NATIONAL HERITAGE, ART AND CULTURE: Protecting national heritage, art and culture including restoration of building and sites of historical importance and works of art; setting up public libraries; promoting and developing traditional arts and handicrafts.
ADMINISTRAION
Roles and Responsibility:
Board
- Ensuring that the CSR Activities included by Company in its CSR Policy are related to the activities included in Schedule VII of the Companies Act 2013.
- Approving the CSR policy as recommended by CSR Committee.
- Ensuring that in each financial year, the Company spends the approved budget in compliance with the Companies Act 2013 Section 135 and notified rules.
- Ensuring that every financial year, funds committed by the Company for CSR activities are utilized effectively and monitored as per a structured process.
CSR Committee
- Recommending the CSR policy in compliance with Section 135 of the Companies Act 2013.
- Identifying and recommending CSR activities and budget to the Board for approvals.
- Institutes a transparent monitoring mechanism for the implementation of the CSR projects and interventions undertaken by the Company.
Budget Allocation
- For achieving its CSR objective, the Company concerned would allocate adequate CSR funds, with the approval of the Board.
- The surplus arising out of the CSR Projects or programmers or activities shall not form part of the business profit of the Company.
PLANNING
Rose IT Solutions Private Limited CSR programs will be identified and implemented according to the Board approved CSR policy.
RITS will undertake its CSR activities (being projects / programs / other permitted activities) either directly by itself or through CSR Implementing Agencies or in collaboration with other companies, as approved by the CSR Committee, in accordance with the requirements of Applicable Law,
The Company will establish a robust project monitoring and evaluation mechanism to ensure every program is in accordance with the notified rules u/s 135 of the Companies Act 2013.
COMPOSITION OF CSR COMMITTEE
Rose IT Solutions Private Limited CSR Committee consists of:
| S. No. | Board of Director | Designation |
|---|---|---|
| 1. | Mr. Gulab Harish Bhatia | Director |
| 2. | Mr. Pankaj Seth | Whole Time Director |
RESPONSIBIITIES OF THE COMMITTEE
The responsibilities of the CSR Committee shall include:
- Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken.
- Recommending the amount of expenditure for the CSR Activities.
- Monitoring CSR Activities from time to time; and
- The CSR Committee will prepare a yearly report on all CSR projects / expenses with or without external support. Such reports will be presented to the CSR Committee on or before a date prescribed by the Committee.
GENERAL
- As a good global citizen, we respect our customers and their culture in the countries and communities in which we operate. The company and employees work together for the sustainable development of the Earth, the environment, and society. In future we will engage in dialogue with various stakeholders in society and incorporate their feedback into our CSR activities to improve our quality and effectiveness.
- Any or all provisions of the CSR Policy would be subject to revision / amendment as may be issued by the Government or internally, from time to time.
- Rose IT Solutions Private Limited reserves the right to modify, cancel and add any provisions in the policy.
- The CSR Committee will prepare a yearly report on all CSR projects / expenses with or without external support. Such reports will be presented to the CSR Committee on or before a date prescribed by the Committee.