“HELPING YOU TO ACHIEVE THE PINNACLE OF SUCCESS”
“THE BEST OF BANKS & NBFCs COUNT ON US”
A S Software Services Private Limited ("the Company") believes that Corporate Social Responsibility is not merely a statutory obligation but a continuing commitment to conduct business in a manner that contributes to sustainable economic development and improves the quality of life of the community it operates in. This disclosure is made pursuant to Rule 9 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 read with Section 135(4) of the Companies Act, 2013.
Pursuant to Section 135(1) of the Companies Act, 2013, the Board of Directors has constituted a Corporate Social Responsibility Committee. The composition of the Committee as on date is as follows:
| Sl. No. | Name | Designation | Category |
|---|---|---|---|
| 1 | Mr. Abhijit Mittra | Director | Chairman – CSR Committee |
| 2 | Mrs. Ratna Mitra | Employee | Member |
| 3 | Mrs. Nanda Ghosh | Employee | Member |
The Committee is responsible for formulating and recommending to the Board the CSR Policy indicating the activities to be undertaken by the Company, recommending the amount of expenditure to be incurred, and monitoring the CSR Policy of the Company from time to time.
Effective 1st January, 2024, the erstwhile Committee comprising Mr. Kishore Tambe, Director – Chairman, and Mr. Abhijit Mittra, Employee – Member, was reconstituted as above.
The Committee met twice every year to review and approve CSR activities/contributions for the year.
2.1 Preamble
This Policy has been framed in accordance with Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time ("the Rules").
2.2 Objective
The objective of this Policy is to lay down the guiding principles for undertaking CSR projects/programmes by the Company, in areas that are aligned with Schedule VII of the Companies Act, 2013, with a focus on:
2.3 CSR Committee
The Board has constituted a CSR Committee as set out in Section 1 above. The Committee shall:
2.4 CSR Expenditure
The Company shall, in every financial year, spend at least 2% of its average net profits made during the three immediately preceding financial years (computed in accordance with Section 198 of the Act), in pursuance of this Policy. Any surplus arising out of CSR activities shall not form part of the business profits of the Company and shall be ploughed back into the same project or transferred to the Unspent CSR Account/Schedule VII fund, as applicable. Administrative overheads shall not exceed the limits prescribed under Rule 7 of the Rules.
2.5 CSR Implementation
CSR activities may be undertaken by the Company itself or through:
CSR activities undertaken in pursuance of this Policy shall exclude activities undertaken in the normal course of business of the Company (subject to exceptions permitted under the Act), activities undertaken outside India (except for training of Indian sports personnel), and contributions of any kind, directly or indirectly, to any political party.
2.6 Monitoring and Reporting
The CSR Committee shall monitor the implementation of CSR projects from time to time. The Board shall disclose the composition of the CSR Committee, this Policy, and the CSR projects approved by the Board on the Company's website, if any changes as compared to previous year(s), in accordance with Rule 9 and Rule 8 of the Rules.
2.7 Amendment
The Board may, on the recommendation of the CSR Committee, amend this Policy from time to time to align it with any changes in law or the Company's CSR strategy.
Pursuant to the recommendations of the CSR Committee, the Board has approved the following CSR projects/contributions, aligned to the areas listed in Section 2.2 above and Schedule VII of the Companies Act, 2013:
| Sl. No. | Implementing Agency / Fund | CSR Area (Schedule VII) | Status |
|---|---|---|---|
| 1 | Bharat Ke Veer | Measures for the benefit of armed forces veterans and their dependents (Clause (vi)) | Approved |
| 2 | PM CARES Fund | Contribution to funds for socio-economic development/relief set up by the Central Government (Clause (viii)) | Approved |
| 3 | SKM Charitable Foundation | Promoting gender equality and women's empowerment (Clause (iii)) | Approved & ongoing |
| 4 | Seva Samarpan Sansthan | Promoting education and social welfare (Clause (ii)) | Approved & ongoing |
| 5 | Samanvaya Parivar (working in District Sonbhadra, U.P.) | Promoting education of children (Clause (ii)) | Approved & ongoing |
The above projects are reviewed by the CSR Committee and the Board on a periodic basis, and the amount spent on each project/agency during a financial year is disclosed in the Board's Report (Annual Report on CSR) for that year, in accordance with Rule 8 of the Rules.
Approved by the Board of Directors of A S Software Services Private Limited.
Under Rule 9 of the Companies (Corporate Social Responsibility Policy) Rules, 2014.