BOARD RESOLUTION FOR APPROVAL OF CSR POLICY AND CSR EXPENDITURE IN THE FINANCIAL YEAR _______________

 

BOARD RESOLUTION FOR APPROVAL OF CSR POLICY AND CSR EXPENDITURE IN THE FINANCIAL YEAR _______________

APPROVAL OF CSR POLICY AND CSR EXPENDITURE IN THE FINANCIAL YEAR _______________

The Chairman Placed before the board, the draft CSR Policy and calculation sheet for CSR expenditure and informed that the Company had to spend 2% of the average net profits of the Company made during the three immediately preceding financial years on Corporate Social Responsibility (CSR) activities. He further informed the board that in the financial year __________, the Company would be obligated to spend a maximum amount of Rs. _AMOUNT OF CSR/- on CSR activities on time to time. After discussion, the board passed the following resolution:  

 

“RESOLVED THAT pursuant to the provisions of Section 135 of the Companies Act, 2013 and Rule 5 of the Companies (Corporate Social Responsibility) Rules, 2014 and any other applicable provisions of Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force), the draft policy on CSR activities the of the Company as placed before the board, be and is hereby duly initialed by the Chairman, taken on record and approved.


RESOLVED FURTHER THAT the approval of the Board of Directors be and is hereby given to the Company to contribute a sum of Rs. AMOUNT OF CSR (Rupees Mentioned the amount in words only) as donation to “M/s_NAME OF ENTITY TO WHOM CSR FUNDS ARE GIVEN” a registered Charitable Trust/Society/any other entity which is working independently and having experience in implementing similar activities, in compliance with the provisions of the Companies Act, 2013.


RESOLVED FURTHER THAT all the Directors of the Company be and is hereby authorized severally or jointly to make the donation on behalf of the Company and to do all acts, deeds and things that may be necessary, proper, expedient or incidental for the purpose of giving effect to the aforesaid Resolution.”

 

Certified to be true

FOR COMPANY NAME 

 

(NAME OF DIRECTOR) 

DESIGNATION 

DIN:           

 

 

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