INTRODUCTION
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Corporate Social Responsibility (“CSR”) at Jaypee Brothers Medical Publishers
Private Limited (“Company”) portrays the deep symbiotic relationship that the
Company enjoys with the communities it is engaged with. Along with sustainable
economic performance, environmental and social stewardship is also a key factor
for holistic business growth. As a responsible corporate citizen, we try to contribute
for social and economic development on regular basis. We believe that to
succeed, an organization must maintain highest standards of corporate behaviour
towards it employees, consumers and societies in which it operates. We are of
opinion that CSR underlines the objective of bringing about a difference and
adding value in our stakeholder’s lives.
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This CSR Policy shall operate as the Corporate Social Responsibility Policy of the
Company for the purposes of Section 135 of the Companies Act, 2013 and the
rules made thereunder including the Companies (Corporate Social Responsibility
Policy) Rules 2014(“CSR Rules”) as amended from time to time.
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GOVERNANCE
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Jaypee Brothers Medical Publishers Private Limited CSR Policy has been
formulated in consonance with Section 135 of the Companies Act, 2013 read with
the CSR Rules notified by the Ministry of Corporate Affairs, Government of India.
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This Policy shall apply to all CSR projects / programmes undertaken by the
Company in India as per the Companies Act, 2013.
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VISION AND POLICY STATEMENT
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Through sustainable measures, actively contribute to the social, economic and
environmental development of the community in which the Company operates
ensuring participation from the community and thereby create value for the nation.
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The CSR Committee will annually recommend the CSR programmes and projects
to the Board for its approval. The Board of Directors of the Company through its
CSR Committee will plan and monitor the expenditure of CSR activities.
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DEFINITIONS
“Act” means the Companies Act, 2013, as amended from time to time.
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“Board” means the Board of Directors of the Company.
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“Company” means ‘Jaypee Brothers Medical Publishers Private Limited’.
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“CSR” means Corporate Social Responsibility.
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“CSR Committee”means Corporate Social Responsibility Committee of the Company
constituted by the Board.
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“CSR Rules” means Companies (Corporate Social Responsibility Policy) Rules 2014
and amendments thereon.
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“CSR Policy” means this Policy.
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“CSR Expenditure” shall include all expenditure including contribution to corpus, for
projects or programs relating to CSR activities approved by the Board on the
recommendation of its CSR Committee.
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“Net profit” shall have the meaning ascribed to it in the Act.
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“NGO” means non-governmental organisation.
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CSR PROGRAMMES AND PROJECTS
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The Company proposes to adopt one or more of the following CSR activities as
prescribed by applicable laws, including Schedule VII of the Companies Act, 2013, as
amended from time to time:
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(i)
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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;
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(ii)
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Promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly, and the differently abled
and livelihood enhancement projects;
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(iii)
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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;
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(iv)
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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 Clean Ganga Fund
set-up by the Central Government for rejuvenation of river Ganga;
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(v)
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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 arts and handicrafts;
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(vi)
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measures for the benefit of armed forces veterans, war widows and their
dependents;
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(vii)
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training to promote rural sports, nationally recognised sports, paralympic sports and
Olympic sports;
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(viii)
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contribution to the Prime Minister's National Relief Fund or any other fund set up by
the Central Government for socio-economic development and relief and welfare of
the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities
and women;
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(ix)
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contributions or funds provided to technology incubators located within academic
institutions which are approved by the Central Government;
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(x)
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rural development projects.
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The CSR activities shall be undertaken within the territory of the Republic of India
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The Company’s CSR projects and programmes will be undertaken by the Company
by itself or with joint and collaborative efforts of other companies.
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The CSR projects and programmes may also be implemented through registered
public charitable trusts, not-for-profit companies set up under Section 25 of the
Companies Act, 1956 corresponding to Section 8 of the Companies Act, 2013)
through recognized and reputed NGOs and similar entities.
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CSR COMMITTEE
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The CSR policy and programs shall be implemented, managed and supervised by the
CSR committee appointed by the Board.
Committee:
- Mr. Jitender Pal Vij
- Mr. AnkitVij
- Mrs. Ginni Vij
The CSR Committee shall comprise at least of such number of directors as is
mandatorily required by applicable laws.
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The CSR Committee shall comprise at least
of such number of directors as is mandatorily required by applicable laws.
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The Committee shall inter alia:
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Formulate and update the CSR Policy which will be approved by the Board;
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Decide the CSR activities to be taken up by the Company in accordance with
this Policy;
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Decide the amount to be allocated for each project or activity;
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Oversee and monitor the progress of the initiatives rolled out under this Policy;
and
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Submit a report, to the Board on all CSR activities undertaken during the
financial year
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The Committee shall meet at least twice in a financial year.
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RESPONSIBILITES OF CSR COMMITTEE
The responsibilities of the CSR Committee include:
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Formulating and recommending to the Board of Director the CSR Policy and
indicating activities to be undertaken.
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Recommending the amount of expenditure for the CSR activities, and
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Monitoring CSR activities from time to time
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Such other functions as the Board of Directors may deem fit
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ROLE OF THE BOARD
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After taking into account the recommendations made by the CSR Committee,
approve the CSR Policy for the Company.
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Ensure that the CSR activities included in this Corporate Social Responsibility
Policy are undertaken by the Company.
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The Board of the Company may decide to undertake its CSR activities approved by
the CSR Committee, through a registered trust or a registered society or a Company
established under section 8 of the Act by the company, 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, or otherwise
provided that –
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If such trust, society or company is not established by the company, either singly or
along with its holding or subsidiary or associate company, or along with any other
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company or holding or subsidiary or associate company of such other company, it
shall have an established track record of three years in undertaking similar
programs or projects/activities;
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Ensure that in each financial year the Company spends at least 2% of the average
net profits of the company made during the three immediate preceding financial
years, calculated in accordance with Section 198 of the Act, in pursuance of its CSR
policy. Further, while spending the amount earmarked for CSR activities,
preference should be given to local areas and areas around the Company where it
operates,
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As per Section 135 of the Act, specify the reasons for under spending the CSR
amount in the Board’s Report.
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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.
CSR REPORTING
The Board Report of a Company shall include an Annual Report on CSR containing
particulars specified in Annexure to the CSR Rules as per the prescribed format.
FINANCIAL OUTLAY AND IMPLEMENTATION FOR CSR ACTIVITIES
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Every year, the Company shall with the approval of its Board make a budgetary
allocation for CSR activities/ projects for the year. The budgetary allocation will be
based on the profitability of the Company and the requirements of applicable laws.
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The Company expects to spend the budgeted amount allocated for CSR activities/
projects planned for each financial year, within that year. If for any reason, the
budget of a year remains unutilised, the same would not lapse and would be carried
forward to the next year for expenditure on CSR activities, which were planned for
implementation in the previous year, but could not be completed due to some
reason.
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The CSR Committee and the Board of Directors will disclose the reasons for not
being able to spend the entire budgeted amount on the CSR activities as planned
for that year.
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The amount allocated for emergency needs but not utilised in the year of its
allocation may be carried forward to the next year for utilization for CSR activities.
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Any surplus arising out of the CSR activities, projects or programs shall not form
part of the business profits of the Company.
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The CSR Activities would be chosen for implementation by the Company in
compliance with the provisions of Section 135 read together with Schedule VII of
the Companies Act, 2013.
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MONITORING AND REPORTING FRAMEWORK
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The Company recognises that monitoring is critical for assessment of the progress
as regards timelines, budgetary expenditure and achievement of targets. Monitoring
maybe done periodically with the help of identified key performance indicators, the
periodicity being determined primarily by the nature of key performance indicators.
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Monitoring will be done in project mode with continuous feedback mechanism, and
recourse always available for mid-course correction in implementation, whenever
required.
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The performance of the Company’s CSR activities would be monitored on the basis
of their achievement of annual targets and the utilization of their annual budgets for
the activities planned and the targets set for each year.
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Implementation and monitoring of the CSR activities will be overseen by the CSR
Committee. The monitoring and evaluation may be assigned by the CSR Committee
to an independent external agency for the sake of objectivity and transparency.
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If the projects are being implemented by external agencies, the Company may in
consultation with CSR Committee designate special executives for this purpose.
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GENERAL
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In case of any doubt with regard to any provision of this CSR Policy and also in
respect of matters not covered herein, a reference should be made to the CSR
Committee. In all such matters, the interpretation and decision of the CSR
Committee shall be final.
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All provisions of the CSR Policy would be subject to revision/amendment in
accordance with the applicable laws.
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The Company reserves the right to modify, cancel, add, or amend this CSR Policy.
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Minimum 2 (Two) members shall constitute a quorum for the committee meeting.
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Proceedings of all meetings must be signed by the Chairman of the Committee and
tabled at the subsequent Board and Committee meeting.
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REVIEW OF THE POLICY
The CSR Committee shall review the CSR Policy from time to time based on the
changing needs and make suitable modifications as may be necessary with the
approval of the Board.
In case of any amendment(s), clarification(s), circular(s) etc. issued by the relevant
authorities, not being consistent with the provisions laid down under this Policy, then
such amendment(s), clarification(s), circular(s) etc. shall prevail upon the provisions
hereunder and this Policy shall stand amended accordingly from the effective date as
laid down under such amendment(s), clarification(s), circular(s) etc.