VVDN Technologies Private Limited was incorporated in 2007 (hereinafter referred to as ‘Company’). The Company’s business is of all kinds of consultancy related to Information Technology, Information Technology Enabled Services (ITES), Information Security, Network/ Systems Management/ Testing, Data Capturing/ Conversion/ Digitization, Software Development/ Testing and manufacturing, buying, selling, altering, improving, importing or exporting or otherwise deal in all kinds of electronics.
VVDN Technologies Private Limited has always been sensitive towards the society, workers & other stakeholders and has been contributing towards Corporate Social Responsibility (CSR) in its own manner. While striving to deliver excellence in our business the Company also believes in contributing to the sustainable development of society and environment and make our planet a better place for coming generations. The Company has now decided to formulate its CSR policy.
The main objective of CSR Policy is to lay down guidelines for undertaking CSR initiatives in accordance with Section 135 of the Companies Act, 2013 and applicable rules made thereunder, for making sustainable growth along with sustainable development of society. The Company will act as a good Corporate Citizen, subscribing to the Global standards. It would also aim to minimize social risks associated with operations of the project site through the policies described in the document.
The CSR Committee shall consist of following Directors
The responsibilities committee was entrusted with includes the following tasks.
The Company shall undertake CSR activities in following areas:
On recommendation of the CSR committee the Company may undertake these activities directly or through NGO/charitable/non-profit organizations.
In line with the provisions of section 135 of the Companies Act, 2013 read with applicable rules, on recommendation of CSR committee the Board shall allocate at least 2% of the average net profit of the Company made during the three immediately preceding financial years, for CSR budget for each financial year. In case the Company is unable to spend the budget amount, the same shall be spent in the subsequent years.
In line with the guidelines framed by CSR Committee shall assess the various CSR activities proposed to be undertaken. The CSR committee shall regularly overview the status of CSR activities and recommend improvement measures to be taken.
In terms of the requirement of section 135 of the Companies Act, 2013 and applicable rules made there under CSR Report shall be prepared on annual basis as prescribed there under and shall be annexed with the Annual Report of the Company. CSR Committee shall also submit a responsibility statement that CSR policy has been followed in letter and spirit in compliance with CSR Objectives.
Changes in CSR Policy can be made on the recommendation of CSR Committee by the Board of the Company. Updated CSR Policy shall be placed on website and informed to all concerned.
For queries related to the CSR Policy write to us at email@example.com