CORPORATE SOCIAL RESPONSIBILITY POLICYAtidan Technologies Private Limited is a Company incorporated under the Companies Act 1956. The Company is committed to developing vibrant communities along the way. This Company believes in inclusive growth to facilitate the creation of a value-based and empowered society through continuous and purposeful engagement. The Company is committed and is in constant pursuit of making life better for communities with its various initiatives in the fields of aiding and promoting Health Care activities, promoting and enhancing education and vocational skills and, promoting and ensuring environmental sustainability ecological balance, and assisting and promoting social and economic development along with supporting natural calamities affected areas.
This Corporate Social Responsibility Policy ("the CSR Policy") is written by ATIDAN TECHNOLOGIES PRIVATE LIMITED (the Company) by Section 135, Schedule VII of the Companies Act, 2013, and CSR Rules issued by the Ministry of Corporate Affairs.
Unless the context otherwise requires, the definitions mentioned in the notification dated February 27, 2014, and the Companies Act 2013, shall apply to this CSR Policy.
Company Philosophy for CSR Policy:
Companies Act 2013 has formally introduced Corporate Social Responsibility. Atidan Technologies Private Limited is much positive and appreciates the decision taken by the Government of India. The legal framework of CSR is an edge to Corporate Charitable/reformative approach toward the society to which the Corporate belongs. By introducing a separate section for CSR in the Companies Act, of 2013, the Government has given legal recognition to their community development approach.
Corporate Social Responsibility Committee:
The Company is not required to constitute a Corporate Social Responsibility Committee. Therefore, all the decisions about the activities falling under CSR shall be undertaken by the Company's Board of Directors.
The Board of Directors of the Company may re-constitute the Committee, as and when required to do so, by following the sections, sub-sections, rules, regulations, and notifications issued or to be published, from time to time, by the Ministry of Corporate Affairs or the Central Government of India. The Committee shall exercise powers and perform the functions assigned to it by the Board of Directors of the Company under section 135 of the Companies Act, 2013, and CSR Rules notified concerning that.
Atidan Technologies Private Limited is committed to the following:
- Allocate 2% of its average Net Profits made during the three immediately preceding financial years towards Corporate Social Responsibility as per the categories mentioned in the Schedule VII of the Companies Act, 2013;
- Transparent and accountable system for education and conducting periodic assessments;
- Concentrate on community needs and perceptions through social processes and related infrastructure development;
- Provide special thrust towards Educational and Vocational Activities.
Atidan Technologies Private Limited is a staunch believer in promoting education & vocation, eradicating hunger, etc. Specific interventions are recommended as below:
- Eradicating Hunger, Poverty, and Malnutrition;
- Promoting education, mainly primary and secondary education;
- Employability and vocational education;
- Gender Equality and Women empowerment;
- Environmental sustainability, especially related to Recycling, Renewable Energy, adopting sustainable transport policies, and reducing plastic consumption;
- Heritage conservation, promoting art, craft, and culture and public libraries; and
- Support of Armed Forces Veterans, War Widows, and Families
Budget for CSR Activity & CSR Expenses:
The Company shall allocate the budget for CSR activities. The minimum budgeted amount for a financial year shall be 2% of the average net profit of the three immediately preceding financial years. The Company may allocate more funds/amount than the amount prescribed under section 135 of the Companies Act, 2013 for the CSR activities for any financial year. The Board / Committee shall calculate the total fund for the CSR activities and recommend them to the Board for approval. The Board shall approve the total fund to be utilized for CSR activity for the respective financial year.
CSR expenditure shall include all expenses, including contribution to the corpus for projects or programs relating to CSR activities approved by the Board but does not include any expense on an item not in conformity or not in line with activities that fall within the approved CSR activities.
Identification of activities/projects:
Out of approved CSR activities, the Board / Committee shall decide which activity/project should be given priority for the respective financial year. While arriving at the decision of the activity to be undertaken for the respective year, the Board / Committee shall analyze the basic need of the community/ area in which the Organization operates or where its registered office is situated.
After prioritizing the activity, the Board / Committee shall finalize the detailed implementation project/program, including planning for expenses against the total budget allocated for CSR activities.
At the organizational level for the implementation of the agreed CSR activity, the Board / the Committee, as the case may be, may constitute an implementation team or authorize any of the Department of the Company to organize the implementation of the CSR activity. The group or respective department shall monitor the implementation process from time to time and place a report to the Board regarding the progress of the activity implementation quarterly. The respective department or implementation team would be responsible for reporting any irregularity to the Board immediately.
Monitoring by the Board:
The Board of Directors shall constantly monitor the implementation of the CSR activities. The Board / the CSR committee shall place a progress report, including details of expenses, before the Board quarterly. The Board shall review the same.
Compliance and Reporting to the Board:
The Board is responsible for undertaking CSR activities as per the approved CSR Policy. Apart from quarterly reporting to the Board about the implementation of CSR activity, a detailed report containing the implementation schedule, the total budget allocated, actual expenses incurred, surplus arising, if any, result achieved, further work to do in the concerned CSR activity, Recommendation for the CSR activities for next year, etc. should be placed before the Board for its consideration. Any surplus arising out of the fund allocated for CSR activity shall not be part of the business profit of the Company.
Our Board of Directors, our Management, and all our employees subscribe to the philosophy of compassionate care. We believe and act on an ethos of generosity and compassion, characterized by a willingness to build a society that works for everyone. This is the cornerstone of our CSR policy.
Our Corporate Social Responsibility policy conforms to the relevant section of the Corporate Social Responsibility, Rules made under the Companies Act, 2013, and amendment(s) to be made thereto in the future.
The Company is contributing to sustainable development through its economic activities combined with the fulfillment of its social responsibilities relating to education, health, safety, and environmental aspects.