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The Board of Directors (the “Board”) of AIRMEET NETWORKS PRIVATE LIMITED (the “Company”), are committed to operate and grow its business in a socially responsible manner. Objective of this policy is to articulate the philosophy/values of the Company towards social responsibility and to define areas chosen by the Company to impact the society with its efforts towards Corporate Social Responsibility (“CSR”) and to define the governance and monitoring framework for ensuring effectiveness of the Corporate Social Responsibility Policy (the “Policy”).
The Companies Act, 2013 (“the Act”) read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 (“the Rules”) and Schedule VII to the Act provides a framework for the companies falling within the purview of the Act, to undertake any one or more of the activities as laid down under the Act and its rules framed thereunder and to discharge their responsibility towards the society in general. Further, the Act also provides instructions/ agencies eligible for implementation of CSR activities, through which companies may spend their funds assigned for CSR.
The Board shall approve CSR Annual Action Plan along with the CSR annual budget. Further Board may alter such CSR Annual Action Plan at any time during the financial year, based on the reasonable justification to that effect.
The CSR Annual Action Plan approved by the Board under this Clause shall be read and construed as forming a part of this CSR Policy.
ADMINISTRATIVE OVERHEADS
Administrative overheads shall mean expenses incurred by the company for general management and administration of CSR functions in the Company. This shall not include expenses directly incurred for the designing, implementation, monitoring, and evaluation of a particular CSR project or programme. The Company’s administrative expense relating to CSR projects shall not exceed five percent of the total CSR expenditure of the Company for the financial year.
IMPLEMENTATION
The implementation of the approved CSR activities will be led by the Personnel who is authorized by the Board in this regard under the guidance and supervision of the Board. These CSR activities shall be implemented, either directly by the Company or in partnership with an implementing agency or in collaboration with other corporates. The Board will ensure that all these implementing agencies comply with the requirements under the applicable laws.
MONITORING PROCESS
REPORTING
The Board will annually publish a CSR Report in the format prescribed under Applicable Laws, as a part of the Board’s report. The Annual CSR Report shall be based on the reports and other details furnished to the Board including the annual CSR Plan. The Impact Assessment carried out if any, the same shall be placed before the Board and shall be annexed to the annual report on CSR.
The Board shall ensure that an amount equivalent to that mandated under the provisions of Section 135 of Companies Act, 2013 is spent from the CSR Budget in every financial year, failing which the Board shall disclose the reasons for not spending the said amount in the manner prescribed under the applicable laws.
WEBSITE DISCLOSURE
The Board shall disclose the following information on the Company’s website –
Any capital asset created out of the CSR funds shall not be part of the Company’s asset and the same shall be held by any Section 8 of the Act or a Registered Public Trust or a Registered Society having charitable objects having CSR Registration Number; or by any beneficiaries of the said CSR project, in the form of self-help groups, collectives, entities or a public authority.
In case of any ambiguity or uncertainty concerning the provisions of this CSR Policy or their interpretation, the power to interpret this CSR Policy and also in respect of matters not covered herein shall rest with the Board whose decision in this regard, shall be final and binding.
The Board of the Company may, subject to compliance with applicable law, at any time alter, amend or modify the CSR Policy as it deems fit to comply with the statutory obligation of the Company to undertake the CSR Activities.
Any subsequent amendment / modification in the CSR Rules made by the MCA, under the Act and/ or any other laws in this regard shall automatically apply to this Policy.
Broaden Market
Impact with
Immersive Events
Strengthen Bonds,
Boost Engagement
Grow your business
with tailored events
Incredible Companies Use Airmeet
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Incredible Companies Use Airmeet
Most loved Virtual Events Platform
Incredible Companies Use Airmeet
Most loved Virtual Events Platform
Incredible Companies Use Airmeet
Most loved Virtual Events Platform
Incredible Companies Use Airmeet
Most loved Virtual Events Platform