Corporate Social Responsibility
The Companies Act, 2013 (hereinafter referred to as “the Act”) under Section 135 has introduced the concept of Corporate Social Responsibility (CSR). It mandates qualifying companies to comply with the provisions of Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as the CSR Rules) as may be effective and enacted from time to time. Meril Life Sciences Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under. Accordingly the Company has constituted the Corporate Social Responsibility Committee (CSR Committee) and based on the CSR Committee recommendation this policy has been formulated and adopted by the Board of Directors (Board) at its meeting held on 17th June 2014. In order to incorporate the changes in the CSR Policy of the Company, the CSR Committee of the Board has approved this policy & same has been approved by the Board in their meeting held on 24th July, 2020. The CSR initiatives undertaken by the Company so far have been in the area of Education. It will continue to focus on education however going forward Company proposes to adopt one or more of the following CSR activities as prescribed by the applicable laws, including Schedule VII of the Act as amended from time to time. Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee. The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time. The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher. It will be the responsibility of the CSR Committee: The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the applicable Act & CSR Rules. Accordingly, Maa Foundation or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per Schedule VII of the Act. Maa Foundation or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis. Maa Foundation or such other entity will forward proposals regarding focus areas and projects and recommended to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion. Maa Foundation or such other entity will monitor the status of each project undertaken by the company and will report to the CSR Committee. The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Mr. Rajnikant Vyas, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation. Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules. The Companies Act, 2013 (hereinafter referred to as “the Act”) under Section 135 has introduced the concept of Corporate Social Responsibility (CSR). It mandates qualifying companies to comply with the provisions of Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as the CSR Rules) as may be effective and enacted from time to time. Meril Life Sciences India Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under. Accordingly the Company has constituted the Corporate Social Responsibility Committee (CSR Committee) and based on the CSR Committee recommendation this policy has been formulated and adopted by the Board of Directors (Board) at its meeting held on 16th November 2018. In order to incorporate the changes in the CSR Policy of the Company, the CSR Committee of the Board has approved this policy & same has been approved by the Board in their meeting held on 18th February, 2021. The CSR initiatives undertaken by the Company so far have been in the area of Education. It will continue to focus on education however going forward Company proposes to adopt one or more of the following CSR activities as prescribed by the applicable laws, including Schedule VII of the Act as amended from time to time. Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee. The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time. The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher. It will be the responsibility of the CSR Committee: The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the applicable Act & CSR Rules. Accordingly, Maa Foundation or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per Schedule VII of the Act. Maa Foundation or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis. Maa Foundation or such other entity will forward proposals regarding focus areas and projects and recommended to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion. Maa Foundation or such other entity will monitor the status of each project undertaken by the company and will report to the CSR Committee. The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Dr. P.K. Minocha, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation. Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules. The Companies Act, 2013 (hereinafter referred to as “the Act”) under Section 135 has introduced the concept of Corporate Social Responsibility (CSR). It mandates qualifying companies to comply with the provisions of Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as the CSR Rules) as may be effective and enacted from time to time. Meril Healthcare Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under. Accordingly the Company has constituted the Corporate Social Responsibility Committee (CSR Committee) and based on the CSR Committee recommendation this policy has been formulated and adopted by the Board of Directors (Board) at its meeting held on 26th March, 2021. The CSR initiatives undertaken by the Company so far have been in the area of Education. It will continue to focus on education however going forward Company proposes to adopt one or more of the following CSR activities as prescribed by the applicable laws, including Schedule VII of the Act as amended from time to time. Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee. The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time. The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher. It will be the responsibility of the CSR Committee: The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the applicable Act & CSR Rules. Accordingly, Maa Foundation or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per Schedule VII of the Act. Maa Foundation or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis. Maa Foundation or such other entity will forward proposals regarding focus areas and projects and recommended to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion. Maa Foundation or such other entity will monitor the status of each project undertaken by the company and will report to the CSR Committee. The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Dr. P.K. Minocha, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation. Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules. The Companies Act, 2013 (hereinafter referred to as “the Act”) under Section 135 has introduced the concept of Corporate Social Responsibility (CSR). It mandates qualifying companies to comply with the provisions of Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as the CSR Rules) as may be effective and enacted from time to time. Meril Diagnostics Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under. Accordingly the Company has constituted the Corporate Social Responsibility Committee (CSR Committee) and based on the CSR Committee recommendation this policy has been formulated and adopted by the Board of Directors (Board) at its meeting held on 29.11.2021. The Company proposes to adopt one or more of the following CSR activities as prescribed by the applicable laws, including Schedule VII of the Act as amended from time to time. (i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water. (ii) Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects. (iii) 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. (iv) ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga. (v) 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 art and handicrafts. (vi) Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows. (vii) Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports. (viii) contribution to the prime minister’s national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)] or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women (ix) (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and (b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organization (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs). (x) rural development projects (xi) slum area development. Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee. The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time. The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher. It will be the responsibility of the CSR Committee: The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the applicable Act & CSR Rules. Accordingly, Maa Foundation or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per Schedule VII of the Act. Maa Foundation or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis. Maa Foundation or such other entity will forward proposals regarding focus areas and projects and recommended to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion. Maa Foundation or such other entity will monitor the status of each project undertaken by the company and will report to the CSR Committee. The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Dr. P K Minocha, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation. Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules.CSR Policy
Meril Life Science Pvt. Ltd.
Introduction and Background
CSR Activities
Undertaking CSR Activities
Composition of the CSR Committee
Meeting
Responsibilities of the Committee
Governance
Funding, selection and monitoring process
Role of Board of Directors
Management Commitment
Amendment of the Policy
Meril Life Science India Pvt. Ltd.
Introduction and Background
CSR Activities
Undertaking CSR Activities
Composition of the CSR Committee
Meeting
Responsibilities of the Committee
Governance
Funding, selection and monitoring process
Role of Board of Directors
Management Commitment
Amendment of the Policy
Meril Healthcare Pvt. Ltd.
Introduction and Background
CSR Activities
Undertaking CSR Activities
Composition of the CSR Committee
Meeting
Responsibilities of the Committee
Governance
Funding, selection and monitoring process
Role of Board of Directors
Management Commitment
Amendment of the Policy
MDPL - Meril Diagnostics Private Limited
Introduction and Background
CSR Activities
Undertaking CSR Activities
Composition of the CSR Committee
Meeting
Responsibilities of the Committee
Governance
Funding, selection and monitoring process
Role of Board of Directors
Management Commitment
Amendment of the Policy
Composition of CSR Committee
Annual Action plans