About the Policy :
NZ SEASONAL WEAR PRIVATE LIMITED (“NZSWPL”), a private limited company registered under Companies Act 1956 / 2013 has been involved in manufacturing of seasonal wear products on the large scale.
This Corporate Social Responsibility (hereinafter referred to as ‘CSR’) Policy is framed in terms of the Companies Act, 2013 (hereinafter referred to as ‘the Act’) read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as ‘the CSR Rules’), as amended from time to time.
Corporate social responsibility (CSR) is based on the idea that management can and should go beyond the regulatory framework. It is a strategy not focused on maximizing profit, rather CSR includes social, ethical and environmental aspects of running a business. Its fundamental component is dialogue with stakeholders, a term which includes all of the subjects in the various areas of a company, such as customers, suppliers, the local community, and the environment.
Company is socially conscious to discharge their social obligation for the well-being of the society. CSR is the continuing commitment by business to behave ethically and continue to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.
As a Good Corporate Citizenship, we at NZSWPL believe in rising ourself by helping and taking others along with us i.e., discharging social obligation for the well-being of society. We believe that our CSR commitment towards society will not be for limited period but continuously behaving ethically, developing, improving the quality of life of the workforce and their families as well as of the local community and society at large.
Company will contribute to the sustainable development of society and environment and to make our planet more liveable for future generations.
Vision
In order to develop society, achieving human development we shall endeavor to deploy “ZEEL CSR Programs” in line with Schedule VII of The Companies Act, 2013 as recommended by the CSR Committee, if any formed and approved by the Board from time to time.
Company will mainly focus on Education and Medical Facilities as of now and further shall extend its assistance and support to more areas.
Mission
Company had already formed ZEEL CHARITABLE TRUST which urges to spend amount on various activity like sponsoring education of needy people, good health facility like donations for treatments etc.; the same was formed for public welfare.
Company through its CSR shall contribute towards HEALTH i.e., getting Adivasi people (group of people in remote locality who are not being treated well) eyesight operations done for free. Also, other general people getting operated at low or discounted prices or donation for treatments.
Also, company through its CSR shall contribute towards EDUCATION i.e., sponsoring education to needy people, assisting in getting proper education facilities.
In accordance with the requirements under the Companies Act, 2013 and the rules / regulations framed there under and circulars / clarifications issued thereunder (collectively, “ Applicable Law company’s CSR activities will mainly focus on:
HEALTH CARE: Promoting preventive healthcare and sanitation etc.
EDUCATION: Promoting education, employment-enhancing vocational skills, especially among children, women, the elderly and the differently abled, monetary contributions to academic institutions with the objective of assisting students in their studies, taking monetary responsibility of any child/women etc for education, rural educational development, opening up of school, financing the education of needy people.
RURAL DEVELOPMENT PROJECTS: Strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihoods, thereby creating sustainable villages.
We NZSWPL shall continue to nurture such activities and shall strive in our endeavor of sustainable development, growth, getting the betterment for society.
Committee
Company was aiming to form CSR committee adhering to MCA exemption / relaxation dated 25th August 2021 the company is not mandatory to form committee, therefore company haven’t formed any committee yet and all the duties will be discharged by Board Members from time to time.
CSR Meetings
As Committee has not been formed, Board Members shall meet as and when required.
Website
This Policy will be posted on the Company’s corporate website www.nzseasonalwear.com and web link thereto will be disclosed in the Board’s Report of the Company.
Changes
The Board of Directors of the company shall have the powers to revise /Change / Alter/ modify/ delete/ amend etc from time to time, as Board may think fit based on recommendations to be made by CSR Committee, formed if any to confirm the amendment, if any to be made to CSR Rules by MCA under the Act.