SHARP BUSINESS SYSTEMS (INDIA) PRIVATE LIMITED
Registered Office: First Floor, Plot No 51 Okhla Industrial Area, Phase – 3,
Near Modi Mill New Delhi-110020
CIN No. U74899DL2000PTC104046
SHARP CORPORATE SOCIAL RESPONSIBILITY POLICY
Authorised By: Corporate Social Responsibility Committee
SHARP Corporate Social Responsibility policy recognizes that “Businesses cannot be successful when the society around them fails” SHARP Business Systems (India) Private Limited has been undertaking the social/ charitable activities since its inception in various forms mainly aimed at promoting education for a better society.
In view of the provisions of Section 135 of the Companies Act, 2013 and Companies (Corporate Social Responsibility Policy Rules, 20I4), SHARP Business Systems (India) Private Limited, required to formalize the Corporate Social Responsibility Policy, accordingly a policy named “SHARP CSR Policy” complying with the aforesaid provisions.
The CSR vision of SHARP Business Systems (India) Private Limited is two pronged firstly “Empowerment of generation next through Education & Vocational Training.” “Women Empowerment through self employment and Promotion of both national and rural, sports.”
The Company CSR Activities will be in line with the stated vision of the Company and shall be in accordance with the requirements of the Companies Act, 2013.
The three focus areas where special Community Development programmes would be run are :-
In addition, the Company has identified the following areas for Community Development interventions as well:-
SHARP will strive to implement the aforesaid CSR activities on its own to the extent possible. However, the principle implementer of our CSR activities would be through the Company itself or such other entity/organization as approved by CSR Committee. At the same time, we recognize need to work in partnership with other players also. This would include:-
Accordingly, the Company or such other entity will work closely with and support the Board and the CSR Committee in implementing CSR Activities of the Company. The Company or such other entity will assist the CSR Committee in identifying the CSR Activities, programs and execution of initiatives as per defined guidelines. The Company or such other entity will also assist the Board and CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures.
The Corporate Social Responsibility Committee comprises of Mr. Shinji Minatogawa as the Chairman and Mr. Shiv Shankar Jhunjhunwala as Member of the Committee. This Committee will supervise and provide guidance to in-house CSR Team of the Company.
The responsibilities of the CSR Committee includes :-
At least two per cent in every financial year, of the average net profits of the company made during the three immediately preceding financial years, or as may be prescribed under the regulatory provisions in this regard, shall form the Funds available for implementation of CSR projects.
The resources arising out of the CSR Activities, projects or programs shall not form part of business profit of the Company and will be ploughed back to CSR Activities.
SHARP’s CSR Committee shall monitor the implementation of the CSR Policy through periodic reviews of the activities of the Company and/or through any other entity. The Head of CSR will present their annual budgets and list of programs, projects, and activities to the CSR Committee for its approval. The Committee will in turn recommend this to the SHARP Board for its final approval. In compliance with the Act and to ensure funds spent on CSR programs are creating the desired impact on the ground a comprehensive Monitoring and Reporting framework will be put in place. The monitoring and reporting mechanism is divided into three distinct areas:
The CSR Committee will prepare the annual CSR report to be filed by the Company on approval of the Board. This report will ensure:
This Policy is effective from 30th May, 2019.
Further any or all provisions of the CSR Policy would be subject to revision /amendment by the Board of Directors of the Company based on the recommendations of the CSR Committee or else in accordance with the guidelines on the subject as may be issued from time to time.