Vision Statement and Objective
YASH Technologies Private Limited through the CSR Activities, endeavor’s to enhance value creation in the society and in the community, through its services, conduct and initiatives, so as to promote sustained growth for the society and community, in fulfilment of its role as a socially responsible corporate.
This CSR Policy has been framed in accordance with the applicable provisions of the Companies Act 2013, in India and the rules issued thereunder.
The objective of this CSR Policy is to:
- Outline projects, programs and activities to be undertaken by YASH Technologies Private Limited.
- Specify the modalities of execution of such projects, programs and activities.
- Monitor the process to be followed for such projects, programs and activities.
- Directly or indirectly take up programs that benefit the communities in and around its work centers and results, over a period of time, in enhancing the quality of life and economic well-being of the local populace.
- Generate community good will for YASH Technologies Private Limited and help reinforce a positive and socially responsible image, through our CSR Activities.
The CSR Committee has been constituted in accordance with the provisions of the Act comprising of the 2 Directors.
The CSR Committee may invite other experts/ invitees as per its requirements.
The CSR Committee shall be responsible for:
- Formulating the CSR Policy, including the CSR Activities and their budgets as well as recommendation of any subsequent change/ modification to the CSR Policy.
- Institute an implementation and monitoring mechanism for CSR Activities.
- Periodically updating the Board on the progress being made in the planned CSR Activities.
- Providing a responsibility statement in the Board’s report.
Projects, Programs and Activities –
YASH Technologies Private Limited plans to undertake CSR pursuant to Schedule VII of the Companies Act, 2013, the following areas shall be focused:
- Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water.
- Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects.
- Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
- Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
- Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts.
- Measures for the benefit of armed forces veterans, war widows and their dependents.
- Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports.
- Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women.
- Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
- Rural development projects.
- Any other measures with the approval of Board of Directors on the recommendation of CSR Committee subject to the provisions of Section 135 of Companies Act, 2013 and rules made there-under.
Vehicle for implementation:
The projects, programs or activities identified by the CSR Committee and approved by the Board shall be implemented in a project which will entail charting the stages of execution through planned processes, measurable targets, mobilization and allocation of budgets and prescribed timelines.
- We may undertake the CSR Activities either ourselves or through a company established by us under section 8 of the Act, or other qualifying Non-government organizations (“NGOs”) or agencies.
To the extent feasible, a project based accountability approach to stress on the long term sustainability of CSR Activities shall be adopted, and the indicative action plan and implementation schedule (timelines) for the projects, programs and activities shall be adopted.
A report on implementation shall be submitted to the Board by the CSR Committee.
The CSR Committee is empowered to amend or modify the CSR Policy and such changes shall be placed before the Board for its approval. The Board may subject to compliance with applicable law, at any time approve or alter, amend or modify the CSR Policy, as it deems fit to comply with the statutory obligation to undertake the CSR Activities.