JMCOPL’s Corporate Social Responsibility (“CSR”) policy is rooted in The JMC Group's core values i.e. "Being trustworthy Supplier / Business Organization" offering its Quality Products, achieving the Reliability & trust by providing Innovative products / solutions by best industries practices and above all driven by JMCOPL's aspiration to become market leader in whatever product, services it deals.
Constitution of Corporate Social Responsibility Committee
The board of directors of JMCOPL (the “Board”) have formed a Corporate Social Responsibility Committee (the “CSR Committee”) in line with section 135 of the Companies Act, 2013 (the “Act”).
The CSR Committee will carry out the following functions:
- to formulate and recommend to the Board, a CSR policy indicating activities to be undertaken as specified in Schedule VII of the Act;
- to recommend the amount of expenditure to be incurred on the activities referred to in sub-paragraph (i) above; and
- to monitor the CSR policy from time to time.
CSR Programs and activities
In accordance with the primary CSR philosophy and the specified activities under the Act read with Companies (Corporate Social Responsibility Policy) Rules, 2014 (the “CSR Rules”), and any amendment(s) thereof, the CSR activities of JMCOPL will have the following thrust areas:
- Improving lives of underprivileged children
- Improving lives of old age people
For fulfilling above, JMCOPL team is working with NGO & voluntarily work for
Ø Children of underprivileged & providing them life education, teaching them how to deal with real life situations &
Ø Helping them completing their homework given in their school &
Ø Visiting old age home & spent quality time in understanding / sharing old age people problem areas and case to case basis trying to solve them, as per our capacity.
The Company expects no favorable treatment as a result of the social investment that it makes; hence the corporate program designs are based upon its heritage, its values, its equity and its motivation to be an outstanding corporate citizen.
And last but not the least, giving of one’s time, skills and expertise is the true spirit of our CSR Program.
The total budget for the CSR projects will be decided by the CSR Committee in accordance with applicable provisions of the Act and the CSR Rules.
The CSR activities shall be driven by a dedicated project team under the guidance and support of the CSR Committee and the Board. The CSR Committee will play a significant role in ensuring that the CSR policy is embedded across JMCOPL’s operations and the CSR initiatives are in line with this policy.
Ø The CSR Committee will be responsible for monitoring approved projects and fund disbursals for such projects.
Ø The CSR Committee will put in place a transparent monitoring and reporting mechanism for ensuring effective implementation of the projects, programs and activities proposed to be undertaken.
Ø Such monitoring mechanisms will include visits, meetings and progress/status reporting by the project teams.
Any or all provisions of this CSR Policy may be amended by the Board based on the recommendations of the CSR Committee or in accordance with any statutory guidelines that may be issued from time to time.