At Jacob Ballas, we aim to achieve our business
objectives in a socially responsible manner. The Company has framed a
Corporate Social Responsibility Policy ("CSR Policy") in conformity with
the provisions of Section 135 of the Companies Act, 2013 (the Act) and
rules made there under, adopted by the Board of Directors at its meeting
held on February 15, 2017. The CSR Policy lays down the broad guidelines
and principles for the Company's activities in the sphere of corporate
Jacob Ballas India CSR activities, amongst others, will include
activities as listed in Schedule VII of the Act.
The CSR Committee shall comprise of three Directors of the Company, as
may be specified or altered from time to time by the Board, in
accordance with the provisions of Section 135 of the Act. The Role of
the CSR Committee shall include:
• Formulating and recommending to the Board, a CSR policy indicating
activities to be undertaken;
• Recommending the amount of expenditure for the CSR activities; and
• Monitoring the CSR policy from time to time.
The Board shall ensure that in each financial
year the Company spends such amount for its CSR activities as
recommended by the CSR Committee, in accordance with the provisions of
the Act. Any surplus arising out of the CSR activities shall not form
part of business profits of the Company.
CSR Committee shall monitor the CSR policy and the programmes undertaken
by the Company from time to time and make appropriate recommendations to
the Board. The Committee shall ensure that the CSR programmes undertaken
are in accordance with the applicable laws.
The Board's Report of the Company shall include an annual report on CSR
containing the particulars prescribed under the Act and also hosted on
the Company's website in the manner prescribed under the Act.
The CSR Policy may be modified or revised by the Board of the Company
based on the recommendations of the CSR Committee or in accordance with
the statutory guidelines, as may be issued from time to time.