Page 102 - BCML AR 2019-20

STATUTORY SECTION

CSR ACTIVITIES THROuGH OTHER IMPLEMEnTInG Activities to be carried on by the Company shall be recommended
AGEnCIES by the CSR Committee of the Board. Requisite approval shall also be
taken from the Board, if necessary.
CSR Activities may be carried on by the Company through other
societies, trusts, hospitals, funds or organizations engaged in If the Company fails to spend the allocated budget in a particular
activities specified in Schedule VII of the Act, subject to approval by year, the reasons for not spending the amount shall be specified in
the CSR Committee of the Board in accordance with the provisions the Board’s Report.
of the Act and the CSR Rules.
MOnITORInG
For carrying the CSR Activities, the Company may collaborate with
the Governments, the District Authorities, the village panchayats, CSR Committee of the Board shall monitor the implementation of
NGOs and other like-minded stakeholders that can widen the CSR Activities.
Company’s reach and help the Company to leverage upon the InFORMATIOn DISSEMInATIOn
collective expertise, wisdom and experience that these partnerships
bring to the CSR Activities. The Company may also collaborate with The Company’s engagement in CSR Activities shall be disseminated
other companies to undertake CSR Activities. on its website, Annual Reports and / or through the media. An
Annual CSR Report will be included in the Board’s Report forming
ExPEnDITuRE part of the Annual Report.
As mandated under Section 135 of the Act read with the CSR Rules, REVIEW
expenditure on CSR Activities in any financial year shall not be less
than 2% of the average net profits of the Company made during the The Board may review and amend the Policy, from time to time, as
three immediately preceding financial years. The Budget of the CSR it may deem fit and / or to give effect to any amendment in any
applicable law.

100 | Balrampur Chini Mills Limited