Corporate bodies’ involvement in CSR activities is not a new concept in India as earlier the activities were not given the nomenclature but were being done by the industrial houses. Industrial majors are engaged in social development activities since long back. However, the Companies Act, 2013 has sought to regularise the CSR. The concept of CSR is introduced through “Comply-or-Explain” mandate. It mandates qualifying companies to constitute Corporate Social Responsibility Committee to effectively monitor CSR activities of the Company. Further the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as “the CSR Rules”) lay down the framework and modalities for carrying out CSR activities which are specified in Schedule VII of the Act.
At Vasu Healthcare, we are committed to the Company’s vision of creating a more inclusive and greener India with a healthy and capable populace. Our commitments towards Corporate Social Responsibility focus on promotion of Education (including special education and vocational skills, livelihood enhancement programmes etc.) and Healthcare (including preventive healthcare and sanitation) and promoting environment conservation as well as promotion of sustainable development.
The main objective of the present CSR Policy is to pen down the path of Vasu Healthcare (hereinafter referred to as ‘the Company’) in undertaking its CSR so that the same can serve as a beacon light to the Company.
This Policy covers the proposed CSR activities to be undertaken by the Company and ensuring that they are in line with Schedule VII of the Act as amended from time to time and the rules as are framed. It covers the CSR activities which are being carried out in India only and includes strategy that defines plans for future CSR activities.
Scope & Coverage
Presently the Company has decided to focus its CSR activities on the areas of;
However, the same shall limit the areas but shall include any or all of the sectors/activities as may be prescribed by Schedule VII of the Companies Act, 2013 amended from time to time. Further, the Company will review the sectors/activities from time to time and make additions/ deletions/ clarifications to the above sectors/activities.