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Contents
1.
Background ........................................................................................................................................................... 1
2.
Objectives ............................................................................................................................................................. 1
3.
4.
5.
CSR Implementation............................................................................................................................................. 3
5.1 Modalities of execution of Activities3
5.2. Implementation Model:3
5.3 Criteria For Identifying Projects And Ngos...3
5.4. CSR Budget, Utilization and Surplus .......................................................................................................... 4
5.5. Monitoring ................................................................................................................................................... 4
ii
1. Background
SMCC Construction India Limited incorporated in 12th December 1996 under Companies Act, 2013( erstwhile
Companies Act 1956) as subsidiary of Sumitomo Mitsui Construction Co. Ltd., Japan and operates as
construction company involved in general construction, architectural and civil engineering services.
The companies Act 2013 (Act) mandates Corporate Social Responsibility (CSR) for all the companies under the
category as mentioned in the Clause135 of the Act. SMCC is committed to advocate the highest standards of
CSR towards improving the socioeconomic status of the local communities, promoting health and Environment.
The CSR policy is to define the guidelines and mechanism to carry out CSR activities in a effective manner
which results in a positive impact on the local community and stakeholders.
2. Objectives
SMCCs CSR Policy intends to
(ii)
Promoting
Education,
Including
Special
expenses.
Vocational Skill Training education
projects.
of the Scheduled
Castes, the Scheduled Tribes, other backward
classes, minorities and women; and
5.
villages
Designation
Shigeki Ikejiri
Managing Director
K V Ramesh
Member
G N Gupta
Independent Director
Member
Neoma Kapoor
Independent Director
Member
Chair Person
Review the proposals for CSR projects/programs/activities received from various locations.
2.
Submit the proposal to CSR Committee for Approval of proposals against approved allocated budget.
3.
Periodically review the activities and monitor achievements, implementation against targets as per
annual CSR Plan
5. CSR Implementation
5.1 Modalities of execution of Activities
Some or more of the above identified CSR activities will be implemented and executed by specified non profit
agencies as evaluated and decided by CSR Management Committee. The group will decide by majority of
amount to be spent on each such activity and also coordinate CSR work with other agencies such as:
principles of inclusive growth and equitable development through which the members of society can
participate and benefit from the growth.
5.2.2 While identifying the projects all efforts will be made to the extent possible to define the Project
objectives, Implementation schedules with impact on society, results and its usefulness.
5.2.3 While identifying Projects the Company shall also identify the external agency (NGO) who would
execute the said Project. These NGOs / Agencies must have a permanent office in India and should be
registered society under Societies Registration Act / Public Trust Act/ not for profit Company under
Section 8 of the Companies Act, 2013 (erstwhile Section 25 of the Companies Act, 1956) with valid
Income-tax Exemption Certificate. Wherever required these NGOs/Agencies must have registration
under Foreign Contribution (Regulation) Act, 1976.
Suggesting changes in the CSR policy based on the CSR Audit reports
The CSR Committee shall ensure that the surplus arising out of CSR activities shall not form part of the
business profit of the Company.