Ferns N Petals Pvt Ltd ("Company" or "We") firmly believes that ‘giving back’ is one of the foundational principles of life and the communities/stakeholders that the Company has engaged/interacted with and continues to engage/interact with have been fundamental to its business and success. Each milestone achieved by the Company would not be possible without its communities/stakeholders.
The objective of this corporate social responsibility policy ("CSR Policy") is to specify the Company’s corporate social responsibility ("CSR") approach in accordance with the provisions of Section 135 of the Companies Act, 2013 ("Act"), as amended from time to time, read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 ("Rules"), as amended from time to time.
Further to above objectives of CSR Policy are
At the beginning of each financial year, the CSR Committee of the Board will prepare a list of CSR Projects/ Activities/Programmes which the Company proposes to undertake during the financial year as prescribed in Annexure A of the CSR Policy which activities are specified under Schedule VII of the Act, as amended from time to time, specifying the modalities of execution in the areas/sectors chosen with implementation schedules for approval of the Board. Any amendments to Schedule VII of Act shall deemed to be incorporated in Annexure A and the Company shall be entitled to undertake CSR activities in accordance thereto.
The CSR activities shall be undertaken in the territory of India.
The CSR Committee of the Board has devised a "transparent monitoring mechanism" for various CSR Projects / Programs / Activities undertaken by the Company including conduct of impact studies of CSR Projects / Programs on a periodic basis, through independent third party agencies as and when necessary. Simultaneously, it also obtains feedback from various beneficiaries of CSR Projects /Activities / Programmes undertaken by the Company to measure their benefits.
4.1.1 In accordance with the provisions of Section 135 of the Act, the Board of Directors ("Board") of the Company will be responsible for the following:
4.2.1 The Committee shall have the following roles and responsibilities:
Provided that Board may alter such plan at any time during the financial year, as per the recommendation of the Committee, based on the reasonable justification to that effect.
4.2.2 In the event that the Company is not required to constitute a Committee in terms of the Act, the roles and responsibilities stated in this Clause 4 may be discharged by the Board itself.
5.1 The Board may undertake the implementation of its CSR obligations either through the Company itself or through any of the following entities ("Implementing Agency"):
5.2 The Company may engage international organisations for designing, monitoring and evaluation of the CSR projects or programmes as per the CSR Policy as well as for capacity building of their own personnel for CSR.
5.3 The Company may also collaborate with other companies for undertaking projects or programmes or CSR activities in such a manner that the Committee of the Company and the CSR committees of respective companies are in a position to report separately on such projects or programmes in accordance with the Rules.
5.4 The Board shall satisfy itself that the funds so disbursed have been utilised for the purposes and in the manner as approved by it and the chief financial officer or the person responsible for financial management shall certify to the effect.
The Board’s Report shall include an annual report on CSR containing particulars as per the prescribed format specified in the Rules.
The Board on its own and/or as per the recommendations of the Committee can amend this CSR Policy, as and when deemed fit. Any or all provisions of this CSR Policy are subject to the applicable provisions of the Act and the Rules and any subsequent amendments thereof from time to time.
8.1 The CSR Policy of the Company has been approved by the Board on 11th March 2021 for adoption as the Company’s CSR Policy.
8.2 The contents of this CSR Policy shall be appropriately disclosed in the Board’ Report in accordance with the requirements of the Act and the Rules.
8.3 In compliance with the requirements of the Act, it is confirmed that -
This policy is effective from 11th March 2021.