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 –
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.
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.
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.
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.
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
GENERAL PROVISIONS