Overview
As a corporate entity, our Company "Carzonrent India Private Limited" recognizes that its business activities have wide impact on the societies in which it operates, and therefore an effective practice is required giving due consideration to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations. The vision of the Company is "to actively contribute to the social and economic development of the communities in which it operates".CSR Policy & Initiate of the Company
In order to fulfill the above objective, Corporate Social Responsibility (CSR) Policy of the Company has been framed under which the Company shall undertake the CSR activities through the "COR Welfare Trust" established in the year 2009 by the Promoters of the Company to initiate necessary steps/ activities for advancement and betterment of the society. The Trust is an irrevocable public charitable trust made for the benefit of all persons belonging to different communities irrespective of their caste, creed or religion. The trust is constituted with the object of promoting education and learning in different fields and branches through or by establishment of various schools, colleges, institutions, cultural and social service centers, industrial training centers, etc., and/ or by way of running, maintaining or assisting such education imparting institutes, medical institutions, nursing homes or clinics established to support and assist the needy and poor people in the society. The said objects are more specifically stipulated in the aforesaid Trust Deed. To attain its CSR objectives in a professional and integrated manner, activities shall be carried out by the Company/ COR Welfare Trust, in accordance with the provisions of Section 135 of the Companies Act, 2013 and Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 or as may be amended from time to time. Pursuant to the provisions of sub section (5) of section 135 of the Companies Act, 2013, the Company shall spend in every financial year at least 2% of the average net profits of the Company made during the three immediately preceding financial years in the activities mentioned in the CSR Policy and/or Trust Deed or as may be amended from time to time. Under the terms of CSR Policy, if the amount allocated and transferred for the purpose of compliance for CSR activities remains unutilized, it will not lapse and will be carried over to the next year which will accumulate in non-lapsable pool as provided in CSR Policy of the Company. Towards achievement of CSR objectives, the Company shall abide by the CSR Policy of the Company framed in accordance with the Companies Act, 2013 and Rules framed thereunder or as may be amended from time to time. For the financial year 2014-2015, Company spent more 2% of the average net profit. through COR Welfare Trust on poverty and educational support for weaker sections of the society. In future, the Company will adopt and participate in more projects to help and support weaker sections of the society. Through the COR Welfare Trust, employees of the Company have engaged themselves to fulfill the CSR activity for the betterment of the society. Manner in which the amount spent during the financial year 2014-15 is detailed below:(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
---|---|---|---|---|---|---|---|
S. No. | CSR project or activity identified | Sector in which the Project is covered |
Projects or programs 1) Local area or other 2) Specify the State and district where projects or programs was undertaken |
Amount outlay (budget) project or programs wise |
Amount spent on the projects or programs Sub-heads: l) Direct expenditure on projects or programs 2) Overheads |
Cumulative expenditure upto to the reporting period | Amount spent Direct or through implementing agency |
1 | Free distribution of book to poor children | Educational Support |
1) Local area 2) New Delhi |
Rs. 1,90,000/- | Rs. 1,80,000/- | Rs. 1,80,000/- | Rs. 1,80,000/- |
2 | Free distribution of blankets to poor people. | Poverty |
3. Local area 4. New Delhi |
Rs. 11,65,170/- | Rs. 11,80,000/- | Rs. 11,80,000/- | Rs. 11,80,000/- |
S. No. | Total | Rs. 13,55,170/- | Rs. 13,60,000/- | Rs. 13,60,000/- | Rs. 13,60,000/- |
Objectives to be covered under CSR Policy:
Our Company is vigilant in its enforcement towards corporate principles and is committed towards sustainable development and inclusive growth. The Company constantly strives to ensure strong corporate culture which emphasizes on integrating CSR values with business objective. It also pursues initiative related to quality management, environment preservation and social awareness. Arising from this the focus areas that have emerged are Education, Health care, Sustainable livelihood, Infrastructure development, and espousing social causes. The vision of the Company is "to actively contribute to the social and economic development of the communities in which it operates". In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index. To attain its CSR objectives in a professional and integrated manner, followings are the activities which may be carried out by the Company, in accordance with the provisions of Section 135 of the Companies Act, 2013, Schedule VII of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014.Responsibility of CSR Committee:
Implementation Procedure:
Monitoring and Evaluation:
Sd/- | Sd/- |
(Managing Director) | (Chairman CSR Committee) |