RIMJHIM ISPAT LIMITED, a public limited company incorporated under the Companies Act, 1956 and having its registered office at 123/360, Fazalganj, Kanpur-208012 (India), has formulated and adopted this Corporate Social Responsibility Policy in terms of Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules).
Section 135 of the Companies Act, 2013, requires the Company to constitute a Corporate Social Responsibility (CSR) Committee of Directors, adopt a CSR Policy, spend at least 2% of its average net profit made during the immediately preceding three financial years towards CSR activities as set out in Schedule VII to the Companies Act, 2013 and confirm compliance thereof in the Annual Report.
Accordingly, on the recommendation of the CSR Committee, this policy was reviewed and approved by the Board of Directors of the Company at its meeting held on July 01, 2014 and deemed to have come into effect from April 1, 2014
|Reviewing Authority||Corporate Social Responsibility (CSR)
Committee of Directors
|Approving Authority||Board of Directors of the Company|
|Document Status||Approved by the Board on July 01, 2014|
|Effective Date||April 1, 2014|
|Review Cycle||Annually or as recommended by the CSR Committee|