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    Corporate Social Responsibility Policy 74

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    RitamGiriya
    This document outlines GeeCee Ventures Limited's CSR policy. [1] The key purpose is to define what CSR means for the company and outline its approach, areas of focus, and governance structure. [2] The main CSR focus areas are education, healthcare, and environmental sustainability. [3] A board-level CSR committee oversees project implementation and ensures at least 2% of average net profits are allocated for CSR activities.

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    Download as PDF, TXT or read online from Scribd

    Corporate Social Responsibility Policy 74

    Uploaded by

    RitamGiriya
    63 views4 pages
    This document outlines GeeCee Ventures Limited's CSR policy. [1] The key purpose is to define what CSR means for the company and outline its approach, areas of focus, and governance structure. [2] The main CSR focus areas are education, healthcare, and environmental sustainability. [3] A board-level CSR committee oversees project implementation and ensures at least 2% of average net profits are allocated for CSR activities.

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    CSR POLICY

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    This document outlines GeeCee Ventures Limited's CSR policy. [1] The key purpose is to define what CSR means for the company and outline its approach, areas of focus, and governance structure. [2] The main CSR focus areas are education, healthcare, and environmental sustainability. [3] A board-level CSR committee oversees project implementation and ensures at least 2% of average net profits are allocated for CSR activities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    63 views4 pages

    Corporate Social Responsibility Policy 74

    Uploaded by

    RitamGiriya
    This document outlines GeeCee Ventures Limited's CSR policy. [1] The key purpose is to define what CSR means for the company and outline its approach, areas of focus, and governance structure. [2] The main CSR focus areas are education, healthcare, and environmental sustainability. [3] A board-level CSR committee oversees project implementation and ensures at least 2% of average net profits are allocated for CSR activities.

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    You are on page 1of 4

    CSR Policy

    For GeeCee Ventures Limited

    Contents

    Sr. No. Content Page No.


    1 Preamble 2
    2 Purpose 2
    3 Policy Statement 2
    4 Scope of CSR Activities in GeeCee 2
    4.1 Normal Course of Business 2
    4.2 Implementation/Identification Process 3
    4.3 Areas covered in Education field 3
    4.4 Areas covered in Health Care 3
    4.5 Ensuring environmental sustainability 3
    5 Governance Structure 4
    5.1 Board-level CSR Committee 4
    5.1.1 Members of CSR Committee 4
    5.1.2 Responsibilities 4
    6 CSR Budget 4
    7 Treatment of Surpluses 4

    1|Page GeeCee Ventures Limited


    1. Preamble

    At GeeCee Ventures Limited (GeeCee), we are committed to the vision of creating a dynamic and
    developed India along with environmental sustainability. Our vision is to actively contribute to the
    social and economic development of the communities in which we operate. In doing so build a
    better, sustainable way of life for the weaker sections of society by providing pollution free
    environment, Basic Education & Medical Facilities.

    2. Purpose

    The key purpose of this policy is to:


    • Define what Corporate Social Responsibility (CSR) means to us and the approach adapted to
    achieve our goals
    • Define the kind of projects that will come under the ambit of CSR
    • Identify broad areas of intervention in which the company will undertake projects
    • Serve as a guiding document to help execute and monitor CSR projects
    • Elucidate criteria for partner implementation agencies
    • Explain the manner in which the surpluses from CSR projects will be treated

    3. Policy Statement

    The CSR Policy focuses on addressing critical social, environmental and economic needs of the
    marginalized/underprivileged sections of the society. We adopt an approach that integrates the
    solutions to these problems into the strategies of the company to benefit the communities at
    large and create social and environmental impact.

    4. Scope of CSR activities in GeeCee

    As a practice, we classify only those projects that are over and above our normal course of
    business as CSR. This policy applies to all our CSR projects and it will be further reviewed and
    updated.
    4.1 Normal Course of Business

    GeeCee’s main object includes:


     Construction of Residential, Office, Industrial, Mall, Institutional & Commercial Buildings.
     Generation of power through wind mills installed in Rajasthan.
     Mobilisation of capital to manage capital savings & investments.

    2|Page GeeCee Ventures Limited


    4.2 Implementation process: Identification of projects

    All projects are identified in a participatory manner, in consultation with the community, literally
    sitting with them and gauging their basic needs. Subsequently, based on a consensus and in
    discussion with the needy and other influential people, projects are prioritised.

    The focus areas that the Company has identified for its CSR Activities are Education, Health care,
    and environmental sustainability. The Place of CSR Activity would be preferably the local area and
    areas around the Company’s location. However, the Company can also undertake CSR Activities
    in Gujarat, Rajasthan or any other place as it considered fit. Also if any charitable institution
    undertakes or does any charity for upliftment/betterment of Education / health of the needy then
    the company can give charity to such institution also.

    4.3 In Education, our endeavour is to spark the desire for learning and knowledge at
    every stage through

     Formal schools
     Balwadis for elementary education
     Quality primary education
     Girl child education
     Adult education programmes
     Help to needy for education of his/her child.

    4.4 In Health care our goal is to render quality health care facilities to people living in the
    villages and elsewhere through our Hospitals

     Primary health care centres


     Mother and Child care projects
     Immunisation programmes with a thrust on polio eradication
     Health care for visually impaired, and physically challenged
     Preventive health through awareness programmes.
     Help to needy for his medical requirements.

    4.5 Ensuring environmental sustainability

     Through planting trees


     Minimization of pollution through sell of Carbon Credit.

    And any other projects as maybe identified in the future.

    3|Page GeeCee Ventures Limited


    5. Governance Structure

    We have constituted a robust and transparent governance structure to oversee the


    implementation of our CSR Policy, in compliance with the requirements of Section 135 of the
    Companies Act, 2013.

    5.1 Board-level CSR Committee

    At GeeCee, our CSR governance structure will be headed by the Board Level CSR committee that
    will be ultimately responsible for the CSR projects undertaken. The committee will report to our
    Board of Directors

    5.1.1 Members of CSR Committee

     Mr Gaurav Shyamsukha – Whole-time Director of the Company.


     Mr Rakesh Khanna – Independent Director of the Company.
     Mr Suresh Chandra Tapuriah – Independent Director of the Company.

    5.1.2 Responsibilities

     Formulate and update CSR Policy, which will be approved by the Board of GeeCee.
     Suggest areas of intervention to the Board of GeeCee
     Approve projects that are in line with the CSR policy
     Put monitoring mechanisms in place to track the progress of each project
     Recommend the CSR expenditure to the Board of GeeCee who will approve it
     Meet at least twice a year to review the progress made

    6. CSR Budget

    The total budget for the CSR projects will be decided by the CSR Committee which shall be
    minimum 2% of average net profits of the Company made during the three immediately
    preceding financial years.

    7. Treatment of Surpluses

    Any surplus generated from CSR projects undertaken by us will be tracked and channelized into
    CSR corpus. These funds will be further used in development of the CSR projects and will not be
    added to the normal business profits.

    4|Page GeeCee Ventures Limited

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