Background
Cosmopolitan Hospitals is a 360 bedded hospital started in 1982 under the veteran leadership of the late Dr. M. R. S. Menon, a renowned and respected name among the medical and social fraternity in the country. The hospital provides highest standards of health care services in line with our motto,
“A loving touch of care for generations”.
The Hospital delivers quality health care with highest level of expertise from medical experts backed by well-trained support staff and efficient systems and processes.
Compliance to Section 135 of the Companies Act, 2013
Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 have been considered and the guidelines laid by these Act and Rules will be followed by the company while developing their CSR programme.
CSR Committee
The Board has constituted a CSR committee consisting of the following Directors:
- Dr. Madhu K – Chairman
- Dr. Asha Kumar – Member
- Mr. Kumar S – Member
Frequency of the Meeting
The CSR Committee shall meet at least two times in a financial year. One meeting shall recommend CSR activities and allocate funds, and one meeting shall review CSR activities. Additional meetings may be conducted as deemed necessary.
Key Responsibilities
- To formulate a CSR policy as per the Companies Act, 2013.
- To review and recommend the CSR expenditure.
- To monitor the CSR policy of the Company from time to time.
Areas of Activities
- Healthcare and local area development projects.
- Facilities for old-age homes and preventive healthcare support.
- Contribution to Prime Minister’s National Relief Fund or other approved government funds.
- Support to government-funded incubators and universities.
- Disaster management including relief, rehabilitation and reconstruction.
- Other activities identified in future.
Monitoring & Evaluation
Monitoring and evaluation of CSR programs shall be conducted by the Board. An annual CSR report shall be included in the Directors’ Report in the prescribed format and placed on the Company website.
Location
Preference shall be given to the local area where the hospital is located. This will be reviewed periodically.
CSR Budget
The Board shall finalize CSR projects annually and approve the budget. If the company cannot spend the allocated amount, the unutilized amount shall be carried forward as per applicable rules.
CSR Spend
Two percent of the average net profits of the company made during the three immediately preceding financial years.
Revision of CSR Policy
The Board may amend or modify the provisions of this policy in accordance with applicable laws.
Collaboration With Other Body Corporate
The Company may collaborate with other companies for undertaking CSR projects or programs as decided by respective Boards.
