Join Us

Corporate Social Responsibility Policy

INTRODUCTION

Futures First Info Services Private Limited (“the Company”), through its CSR initiatives, will continue to enhance value creation in the society and in the community in which it operates, through its services, conduct & initiatives, so as to promote sustained growth for the society and community, in fulfillment its role as a Socially Responsible Corporate, with environmental concern.

SCOPE

The policy would pertain to all activities undertaken by the Company towards fulfilling its CSR objectives undertaken pursuant to section 135 of the Companies Act, 2013 (“the Act”) and would include the activities as covered under Schedule VII to the Act and the Companies (“Corporate Social Responsibility Policy”) Rules, 2014 (“the Rules”), each as amended from time to time. The Act is an evolving document that will expand to include more detail in future years. Therefore, this policy will also evolve and will be subject to constant review by the Corporate Social Responsibility Committee of the Company (“CSR Committee”) moving forward.

The CSR Committee, duly constituted in accordance with the Act and the Rules, will administer the Company’s CSR activities and ensure compliance with the CSR Policy.

OBJECTIVE

To directly or indirectly take up projects or programmes that benefit the communities in and around its work centres and results, over a period of time, in enhancing the quality of life and economic well‐being of the local populace.

IMPLEMENTATION

To the best of our ability, in any given financial year, the Company aims to meet the allocation of 2% of the average net profits in the preceding three financial years for CSR activities as stipulated by the Act. We also maintain that any surplus arising from CSR activities undertaken by the Company would not be subsumed as business profits of our company but rather would go back into the CSR related activities described herein.

Majority of the CSR programmes by value will be implemented in and around the local areas adjoining working office. The balance projects can be taken up anywhere in the country, as per the company requirement/imperatives from time to time.

COMPOSITION OF CSR BOARD

The composition of the Corporate Social Responsibility Committee of the Board shall be notified from time to time, in terms of the provisions of sub-section (1) of Section 135 of the Companies Act, 2013.

The present composition of the CSR Committee is –

  1. Mr. Lalit Kumar Gupta, Managing Director
  2. Ms. Cheryl Gureja, Director

CSR ACTIVITIES

The Company shall undertake specific Corporate Social Responsibility (“CSR”) projects and programmes, as approved from time to time by the Board within the following CSR categories. The activities covered below are specified under Schedule VII of the Act. In case there is any amendment in Schedule VII of the Act, then below mentioned list of activities would get automatically amended.

  • 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:
  • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently able and livelihood enhancement projects;
  • Promoting gender equality, empowering women, setting up homes and hostels tor 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 including contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga;
  • 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 recognized sports, Paralympics 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 Schedule 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
  • Slum area development

All CSR projects and programmes shall be carried out only in India.

OPERATING FRAMEWORK

The CSR plan shall operate under the supervision of the CSR Committee and in accordance with its directions.

  • Modalities of execution of CSR projects

To the extent possible, contribution to specified funds would be made or funding will be given to NPOs or such other entities/organisation who will deliver the program according to clear metrics defined in a pre-grant agreement.

CSR activities shall be undertaken through various agencies including registered trusts/ societies or companies or autonomous bodies/government departments. In case of NGOs/Trust/Pvt. Companies, an established track record of 03 years in undertaking similar projects or programs would be essential.

  • Implementation of CSR projects

To the extent possible, funding for CSR projects will be for such period as may be determined by the CSR Committee, with potential for future funding contingent on programming and outputs assessed from the interim and final reports.

  • Monitoring process for CSR projects

To the extent possible, interim and final report shall be obtained in respect of all grants and stipulated in the grant agreement issued to every partner organisation. The CSR Committee may report and discuss all important matters which impact the operations of the CSR projects or program or activities (either new or ongoing), including but not limited to the modalities of utilization of funds on such projects and programs and the monitoring and reporting mechanism etc.

REPORTING

  • An Annual Report on CSR containing details about the CSR policy and programmes implemented by the Company shall be included in the Board of Directors’ Report for every financial year, as per the format prescribed under the Rules to Section 135 of Companies Act, 2013.
  • Composition of the CSR Committee will be displayed on the Company’s website.
  • The Board of Directors’ Report shall include a Responsibility Statement of the CSR Committee that the implementation and monitoring of CSR Policy is in compliance with CSR objectives and Policy of the Company.
  • If for some reason, the Company fails to spend 2% of the average net profit of the preceding three financial years on CSR, the reasons thereof, shall be furnished in the report of the Board of Directors under Section 134 (3) (o) of the Companies Act, 2013.

GENERAL PROVISIONS

  • If necessitated, new CSR activities / projects can be taken up during the course of a year, in addition to CSR activities already incorporated in the CSR policy of the Company on annual basis, with the Board’s approval based on the recommendations of the CSR Committee. The same would be treated as amendment to the policy.
  • No contribution shall be made to any political party through CSR Fund.
  • The CSR projects or programmes or activities that benefit only the employees of the Company and their families shall not be considered as CSR activities in accordance with Section 135 of the Act.