The CSR Policy has been formulated and adopted in terms of Section 135 of the Companies Act, 2013 and the Rule/ classification made there under. CORPORATE SOCIAL RESPONSIBILITY POLICY “Here whatever hour you come, you will find light and help and human kindness”.
Breach Candy Hospital Trust (BCHT) is committed to support the needs of underprivileged sections of the society and thereby undertakes corporate social responsibility initiatives in accordance with the terms of Section 135 of the Companies Act, 2013 and the Rules / guidelines stated in Schedule VII of the Companies Act 2013.
The CSR Committee will play the following role in fulfilling SAVITA Hospital's CSR objectives:
Recommendation of the project / program to be undertaken within the long term vision and strategy in respect of CSR activities, amount of expenditure to be incurred, types of activities, roles and responsibilities of various stakeholders etc. Formulation of a monitoring mechanism for ensuring implementation of the projects/programs undertaken or the end use of the amount spent by it towards CSR activities. The contribution will be made for any activities undertaken within India. The Committee will give preference to the local areas around it where it operates in spending the amount earmarked for CSR activities.
The Hospital Trust will undertake all or any of the permitted CSR activities through an established Trust/Association/Institution.
The following procedure will be adhered to while funding CSR activities.
The annual amount of contribution will be paid to the selected Trust / Association / Institution.
CSR Committee will institute a transparent monitoring mechanism for implementation of CSR Projects or programs undertaken by the selected Trust/ Association/Institution by calling for account of deployment from the said Trust / Association / Institution.
The CSR Committee will report to the Managing Committee from time to time, the status of the CSR activities undertaken by it along with the report on the impact created by such projects/ activities.
The Hospital would upload this Policy on its website www.breachcandyhospital.org Further, detailed status report on the CSR activities carried out by the hospital will be disclosed every year as part of the Annual Report. The said information will also be uploaded on the website of the Company.
