NETMAGIC SOLUTIONS PRIVATE LIMITED&NTT GLOBAL DATA CENTERS & CLOUD INFRASTRUCTURE INDIA PRIVATE LIMITED (formerly known as NETMAGIC IT SERVICES PRIVATE LIMITED)
CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY
In accordance with the provisions of Section 135 of Companies Act, 2013, the Corporate Social Responsibility (CSR) Committee of Netmagic Solutions Private Limited (“NSPL”) and NTT Global Data Centers & Cloud Infrastructure India Private Limited (“ NTTGDCCI”) and jointly or severally referred herein as “NTT”, was originally constituted by the Board of Directors of the Company at its meeting held on March 26, 2015.
Subsequently, the composition of the CSR Committee has changed and w.e.f. March 25, 2019, this Committee comprises of the Directors as under:
NSPL - Mr. Sharad Sanghi, Mr. Shekhar Sharma and Mr. Nitin Mishra
NTTGDCCI- Mr. Sharad Sanghi and Mr. Shekhar Sharma
1. OBJECTIVE AND VISION:
This Policy has been formulated in compliance with Section 135 of the Companies Act, 2013 read along with the applicable rules thereto. NTT’s vision is to be a responsible industry player and demonstrate environmental, transparent and ethical behavioral practices which will contribute to the economic and sustainable development within the company, industry, and society at large.
This Policy shall apply to all CSR projects/programmes/activities undertaken by NTT in India as per Schedule VII of the Act.
3. ROLE OF THE CSR COMMITTEE
a. Formulate and recommend to the Board, a Corporate Social Responsibility Policy in compliance with Section 135 of the Companies Act, 2013.
b. Identify the activities to be undertaken as per Schedule VII of the Companies Act, 2013.
c. Recommend the amount of CSR expenditure to be incurred on the earmarked CSR activities.
d. Monitor the implementation of the CSR Policy from time to time.
e. Submit a report to the Board of Directors on all CSR activities undertaken during the financial year
f. Such other functions as the Board may deem fit.
4. ROLE OF THE BOARD
a. Determine the roles & responsibilities of the CSR Committee.
b. Ensure that the CSR activities recommended by the CSR Committee are undertaken suitably, in the manner appropriate, fit and justifiable.
c. The Board of NSPL and NTTGDCCI may decide to undertake its CSR activities approved by the CSR Committee, either singly or along with its holding or subsidiary or associate company, or along with any other company or holding or subsidiary or associate company of such other company;
d. Adhere to the provisions of Section 135 of the Companies Act, 2013 read with the Corporate Social Responsibility Rules, 2014 (including any amendments thereof from time to time) with respect to CSR.
5. CSR ACTIVITIES FOR IMPLEMENTATION :
NTT’s commitment to CSR projects and programs will be by investing resources into one or more of the areas as per the provisions of Section 135 read together with Schedule VII of the Companies Act, 2013. The activities, as specified in the Companies Act 2013 for the purpose of CSR are listed as under:
(i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
(ii) promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
(iii) promoting gender equality, empowering women, setting up homes and hostels for women and orphans setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
(iv) ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water, including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
(v) protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art, setting up public libraries, promotion and development of traditional art and handicrafts.
(vi) measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows.
(vii) training to promote rural sports, nationally recognised sports, paralympic sports and olympic sports.
(viii) contribution to the prime minister’s national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women.
(a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government and;
(b) Contributions to public funded Universities, Indian Institute of Technology (IITs), National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE), Department of Biotechnology (DBT), Department of Science and Technology (DST), Department of Pharmaceuticals, Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH), Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO), Indian Council of Agricultural Research (ICAR), Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).
(x) rural development projects.
(xi) slum area development.
(xii) disaster management, including relief, rehabilitation and reconstruction activities.
The above list is illustrative and not exhaustive. The CSR Committee of NTT may add activities in the above list from time to time. However, addition, if any, would be in compliance to the provisions of the Companies Act, 2013. The CSR activities would be chosen by the CSR Committee for implementation after due consideration of the project for undertaking the permitted CSR activity and its benefits and contribution to the development of the society in line with the NTT vision.
6. CSR EXPENDITURE
The CSR activities undertaken in India only shall amount to CSR expenditure. CSR expenditure shall include all direct or indirect expenditure including contribution to corpus for CSR activities approved or ratified by the Board on the recommendation of the CSR Committee but does not include any expenditure on an item not in conformity or not in line with activities which fall within the purview of Schedule VII of the Act. Contributions or grants to the NGOs that are involved in helping the society shall also constitute as CSR activities. The activities undertaken in the normal course of business will not be a part of CSR activities.
7. DISCLOSURE OF THE POLICY
The CSR policy recommended by the CSR Committee and approved by the Board shall be displayed on the Company’s website and shall be disclosed in the Board’s report as well.
8. CSR REPORTING
The applicable CSR activities performed by NSPL and NTTGDCCI respectively shall also be disclosed in the Annual Report and Accounts of the Company in accordance with the provisions of the Companies Act, 2013.
9. REVIEW OF THE POLICY
The CSR Committee shall review the CSR Policy periodically and make revisions to the same with the approval of the Board.