Approved by the Board W.E.F December 29,2020
NETRACK ENCLOSURES PRIVATE LIMITED (“Netrack” or “the Company”) aims to be one of the most respected Companies in India delivering superior and sustainable value to all its customers, business partners, shareholders, employees and host communities. Our focus is always been to contribute to the sustainable development of the society, environment and to make our planet a better place to live in for future generations.
Our CSR policy mainly intends to
Our main focus is on sustainable development and to undertake projects which is in accordance with Schedule VII of Companies Act, 2013 as amended from time to time.
The location of the activities would be primarily the rural area situated near the registered office of our Company i.e., local area. The Board shall further decide upon any other locality for implementing its activities.
The Company’s obligation of spending on CSR activities does not exceed fifty lakhs at present. The Board shall collectively discharge the functions that may arise. Hence, forming of committee is not applicable. The Company shall constitute a CSR committee, once the required threshold is met by the Company.
The responsibility shall include:
The CSR activities will be governed by the Board of Directors of the Company.
The proposal of the activities to be undertaken for the applicable financial Year will be listed out by the Board at their meetings. The budget will be allocated based on the proposed activities and the requisite approval will be obtained upfront from the Board. CSR activities’ status will be presented to the Board of Directors by the authorized persons on periodic basis.
The Board shall disclose the activities of CSR containing the particulars as specified in Annexure as per Companies (Corporate Social Responsibility) Amendment Rules, 2014 as amended from time to time.
This policy shall be effective from December 29, 2020
Our Company will undertake its CSR activities, as approved by the Board from time to time. The surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the Company.