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 has 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 following Directors as members
Dr. Madhu K – Chairman
Dr. Asha Kumar & Mr. Kumar S – Members
Frequency of the Meeting
The CSR Committee shall meet in person at least two times in a financial year and one meeting shall be held to recommend CSR activities and to allocate the funds for CSR programs/projects and one meeting shall be held to review the activities of CSR and any other meetings at such appropriate times as is deemed necessary by the Committee
Key Responsibilities:
- To formulate a CSR policy that shall indicate the activities to be undertaken by the Company as per the Companies Act, 2013;
- To review and recommend the amount of expenditure to be incurred on the activities to be undertaken by the company;
- To monitor the CSR policy of the Company from time to time;
Areas of activities
- In consultation with the local community, the Company will design and effectively implement projects in areas such as healthcare and local area development
- Setting up and providing facilities for Old-age Homes and promote preventive healthcare to the needy people of the community
- Contribution to the prime minister’s national relief fund or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women
- Contribution to incubators funded by Central Government or State Government or any agency or Public Sector Undertaking of Central Government or State Government, and contributions to public funded Universities,
- Disaster management, including relief, rehabilitation and reconstruction activities.
- Others, as maybe identified in the future
Monitoring & Evaluation
Monitoring and evaluation of the programs/projects and expenditure shall be conducted by the Board at frequent intervals. An annual report on CSR activities with necessary details shall be included in the Directors Report of the Company in the prescribed format. This policy approved by the Board of Directors of the Company shall be placed in the website of the Company.
Location
The Company shall give preference to the local area where our hospital is located. However the same will be reviewed at frequent intervals
CSR Budget
The Board shall finalize the programs/projects or activities that could be taken up in each financial year and the amount that has to be spent etc. The spending of the amount will be made only after obtaining sanction from the Board/ its ratification. If the company could not spend the budgeted amount for any reason, the un-utilized amount shall be carried forward as per the rules notified in this regard. In case, if the Company does not fall under Section 135 of the Companies Act, 2013 in any financial year, the Company may not allocate funds for CSR purpose in such financial year
CSR Spend
Two per cent of the average net profits of the company made during the three immediately preceding financial years
Revision Of CSR Policy
The board may, subject to applicable laws, amend/modify the provisions and may also establish further rules and procedures, from time to time, to give effect to this Policy.
Collaboration With Other Body Corporate:
The Company may have collaboration with other companies for undertaking CSR projects or programs in such a manner that the Board of both companies may decide.
