Hello Guest!
Login/Signup

CSR POLICY OF D.PAULS TRAVEL & TOURS LIMITED

Disclosure - List of activities as per Schedule VII of the Act

CSR POLICY OF D.PAULS TRAVEL & TOURS LIMITED

Our Vision

"To actively contribute to the social and economic development of the communities in which we operate through our services, conduct & initiatives, so as to promote sustained growth for the society and community. CSR is about growing business responsibly & building a better, sustainable way of life for the weaker sections of society and raise the country's human development index & in process to become one of the most respected company in India”.

To pursue these objectives, we will continue to:

  • Provide education to the underprivileged, needy or bright children of the country.
  • Undertake rural development, including wasteland development and to assist in all such programme which are aimed towards rural up liftment /tribals and poverty elevation.
  • Promoting education, including special education & employment enhancing vocational skills & livelihood enhancement projects.
  • Eradicating extreme hunger, poverty& malnutrition, promoting preventive health care & sanitation & making available safe drinking water.
  • Promoting gender equality, empowering women, setting up homes & hostels for women and orphans; setting up old age homes, day care centers & such other facilities for senior citizens.
  • Take measures for benefit of armed force veterans, war widows & their dependents.
  • Ensure environment sustainability, ecological balance, protection of flaura & fauna, animal welfare, agro forestry, conservation of natural resources & maintaining quality of soil, air & water.
  • Undertaking rural development projects.
  • To collaborate, affiliate, federate and co-operate with like-minded bodies like other Government bodies, NGOs and international agencies in pursuit of our goals.

Implementation

The Company's CSR programmes will be identified and implemented according to the companies approved CSR policy. The Company will enhance its monitoring and evaluation mechanism so as to ensure every programme has:

  • Clearly defined objectives (developed out of existing societal needs), targets and time lines.
  • A robust progress monitoring system.
  • Impact assessments.
  • A reporting framework and system in alignment with the Companies Act, 2013 and the Rules made there under.

Board's Responsibility

The Board of Directors of the company will be responsible for:

  • Approving the CSR policy as formulated by the CSR Committee.
  • Ensuring that in each financial year the Company spends at least 2% of the average net profit made during the three immediate preceding financial years.
  • Ensuring that every financial year funds committed by the Company for CSR activities are utilised effectively, and regularly monitoring implementation.
  • Disclosing in its Annual Report the names of CSR Committee members, the content of the CSR policy and annual reporting of its CSR activities.
  • Ensuring annual reporting of CSR policy to the Ministry of Corporate Affairs, Government of India, as per the prescribed format.
  • Reasons for under spending of the allocated CSR budget shall be specified in the Board’s Report.

Surplus

The surplus arising out of the CSR activities, if any, will not be considered as a part of the business profits of the company.

CSR Committee (If required)

  • Composition of the CSR committee: CSR committee will consist of three or more directors of the company.
  • The CSR committee of the company will be responsible for:
    • Formulating the CSR policy in compliance to Section 135 of the Companies Act 2013.
    • Identifying activities to be undertaken as per Schedule VII of the Companies Act 2013.
    • Recommending to Board the CSR expenditure to be incurred.
    • Recommending to Board, modifications to the CSR policy as and when required.
    • Regularly monitoring the implementation of the CSR policy.

Monitoring and Reporting Framework

CSR Committee shall monitor the implementation of the CSR Policy through periodic reviews of the CSR activities. CSR committee shall plan annual budgets and list of programmes, projects, and activities & recommend this to the Board for its final approval.

To ensure that funds spent on CSR programmes are creating the desired impact, a comprehensive Monitoring and Reporting framework will be put in place. The monitoring and reporting mechanism is divided into three distinct areas:

  • Programme Monitoring
  • Evaluation
  • Reporting and Documentation

Programme Monitoring

  • Programme monitoring mechanism will ensure that:
    • The CSR policy is implemented as per the Companies Act, 2013 and the Rules made there under.
    • The CSR policy is implemented ensuring that projects/programmes as budgeted are duly carried out.
  • CSR spends will be closely monitored and funds shall be released against verified utilizations as per the approved work plans. This may include monthly field visits, comprehensive documentation, and regular interaction with beneficiary communities.
  • CSR spends will be audited in an accountable and transparent manner.
  • Half yearly reporting and review by the CSR committee and Annual reviews by the Board of Directors of the company.

Evaluation

  • A robust MIS monitoring mechanism and evaluation plan will be put in place.
  • Expected outcomes, outputs and inputs will be clearly defined for each programme as per stated timelines.
  • There shall be clarity about scope of the programme.
  • Third parties may be engaged to ensure objective assessment across baseline and end line parameters.
  • Chairperson of the CSR committee will be authorized to decide whether it will be internal, external or third party evaluation.

Documentation and Reporting

The CSR Committee will prepare the annual CSR report to be filed by the Company on approval of the Board. This report will ensure:

  • CSR projects and programmes are being properly documented.
  • An MIS is maintained on expenditure across sectors and geographies and beneficiaries impacted. The MIS structure will be in alignment with the prescribed reporting format.
  • Accountability is fixed at each level of CSR process and implementation.

Disclosure - List of activities as per Schedule VII of the Act

  • 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.
  • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
  • 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.
  • 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.
  • 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.
  • 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 widow.
  • Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympics sports.
  • 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 Government 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 Organization (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).
  • Rural development projects.
  • Slum area development.
  • Disaster management, including relief, rehabilitation and reconstruction activities.
  • Subscription to zero coupon zero principal instruments on Social Stock Exchange.

GUIDANCE WITH RESPECT TO CSR OBLIGATIONS, SELECTION, IMPLEMENTATION AND MONITORING OF ACTIVITIES:

  • CSR Obligation:

    Company is committed to spend 2% of its average net profits made during the 3 (three) immediately preceding financial years. The overall amount to be committed towards CSR will be approved by the Board, upon recommendation of the CSR Committee (if constituted), as a part of its Annual Action Plan. Further, based on reasonable justification, the Board of the Company can alter the Annual Action Plan at any time based on the recommendation of the CSR Committee (if constituted).

  • Unspent Amount on CSR Activities:

    The Company endeavors to fulfill its CSR obligations in a timely manner. However, in the circumstances beyond the Company’s control, if the required amount to be spent by the Company may not be expended in its entirety in the relevant financial year, the Company shall ensure due compliance with the necessary provisions under the Act including reclassification of the project as ongoing project.

  • Acquisition of capital assets:

    For ensuring that the CSR projects/ initiatives of the Company, inter alia, including the rural development, environmental sustainability and the water conservation projects/ initiatives are fulfilled with a positive social and economic impact on the community at large, the capital-intensive spending for creation of assets is vital. If CSR contribution made for creation or acquisition of a capital asset in pursuance of its CSR projects/ initiatives, the same shall be held in the manner prescribed under the Act.

  • Selection:

    • Selection of CSR project:

      Any of the following factors can be taken into consideration:

      • Alignment of the project with the focus area specified in this CSR Policy.
      • Impact on the society/community at large and the environment.
      • Inclusive growth.
      • Sustainability of the projects to ensure long term impact
      • Timeframe within which the project can be completed.
      • Key beneficiaries of the project and the impact on them.
      • Availability of an Exit option.

  • Selection of implementing agency/ PIA:

    The CSR activities can be undertaken either directly or through implementing agency. The implementing agency shall meet the statutory eligibility criteria laid down under the Act. Additionally, the Company shall conduct appropriate due diligence before associating with them. Such due diligence may inter alia cover aspects of:
    • Financial position and credibility.
    • History and experience in the relevant area or similar activity.
    • Availability of necessary statutory registrations.
    • Governance and management standards of the agency.
    • Any potential conflict of interest.
    • Existing and past litigations.

  • Implementation of CSR activities:

    The CSR activities will be undertaken by the Company either directly or implementing agency. Further, the Company may enter Memorandum of Understanding (MOU) with the implementing agencies setting out clear terms and conditions to enable completion of projects in the most efficient manner.

  • Monitoring of CSR activities:

    The CSR activities of the Company will be duly monitored. The monitoring process adopted by the Company may include obtaining of reports of different kind, self-declaration, On-site visit, etc. Further, the monitoring process may involve:
    • Periodic reporting.
    • Periodic review and assurance visits of the CSR projects.

    Further, the impact assessment shall be conducted for eligible CSR projects or programs as mentioned under the Act

  • Annual Action Plan:

    All the guiding principles as required to be followed for implementing and monitoring the CSR Activities shall also be followed while formulating the Annual Action Plan. The Annual Action plan shall be simple, action oriented, measurable, relevant and time bound.