In accordance with the provisions of Section 135 of Companies Act, 2013, the Corporate Social Responsibility (CSR) Committee of ACCENT MICROCELL LIMITED was constituted by the Board of Directors of the Company at their meeting held on 08.06.2023 as amended from time to time.
We, at Accent Microcell Limited believe that our business is built around strong social relevance of inclusive growth by supporting the common man in meeting their financial needs. We equally believe that creation of large societal capital is as important as wealth creation for our shareholders. As a responsible human organization, we are committed towards the above objective and are keen on developing a sustainable business model to ensure and activate our future growth drivers. In line with the regulatory expectations, we are putting in place a formal policy as a guide towards our social commitment going forward.
The objective of the CSR Policy (“Policy”) is to lay down the guiding principles in undertaking various Programs and projects by or on behalf of the company relating to Corporate Social Responsibility (“CSR”) within the meaning of section 135 of the Companies Act, 2013 read with Schedule VII of the Act and the CSR Policy Rules 2014. (“Rules”)
The activities that the Company may undertake shall be (inter alia):
The Committee comprises of the following members of the Board:
The Committee shall have the following general duties and responsibilities to:
The Committee shall identify, through the Office of the President and Chief Executive Officer, or designate, the kind and frequency of information required by the Committee. The Committee shall have access to any and all books and records of the Corporation required for the execution of the Committee’s obligations and, as necessary, shall discuss with appropriate corporate officers and employees, coordinated through the Office of the President and Chief Executive Officer, such records and other relevant matters. The Committee shall have the authority to retain external advisors, experts or consultants, in order to properly discharge its duties and responsibilities.
All deliberations of the Committee, and all records, material and information pertaining to the Corporation obtained by a member of the Committee shall be considered confidential. Committee members shall maintain the confidentiality of such deliberations, and shall safeguard such records, material and information from improper access.
The CSR Policy of the company may be amended at any time by the board of the company on the Recommendation of the CSR committee.
Note:– The surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company.