CSR Support

CSR Support

One of the main objectives of Dr. Gopal Energy Foundation is to assist Energy Companies in compliance under CSR Mandate

DGEF assist companies in devising & implementing programs in following areas in terms of the mandate in the Indian Companies Act, 2013:-

    • Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water:
    • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
    • Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water;
    • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional handicrafts:
    • Measures for the benefit of armed forces veterans, war widows and their dependents;
    • Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
    • Contribution to the Prime Minister’s National Relief Fund or any other funds set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
    • Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
    • Rural development projects.
    • Any other thing which may be added by amendment in the Companies.

Section 135 of THE COMPANIES ACT, 2013 (NO. 18 OF 2013) provides for Corporate Social Responsibility. The extract of the Company Act 2013 along with the Schedule VII is reproduced hear in below:-

135. Corporate Social Responsibility

  1. Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.
  2. The Board’s report under sub-section (3) of section 134 shall disclose the composition of the Corporate Social Responsibility Committee.
  3. The Corporate Social Responsibility Committee shall,—
    • (a)Formulate and recommend to the Board, a Corporate Social Responsibility
      Policy which shall indicate the activities to be undertaken by the company as
      specified in Schedule VII;
    • (b) Recommend the amount of expenditure to be incurred on the activities referred to in clause (a); and
    • (c) Monitor the Corporate Social Responsibility Policy of the company from time to time.
  1. (4) The Board of every company referred to in sub-section (1) shall,—
    • (a) After taking into account the recommendations made by the Corporate Social Responsibility Committee, approve the Corporate Social Responsibility Policy for the company and disclose contents of such Policy in its report and also place it on the company’s website, if any, in such manner as may be prescribed; and
    • (b) Ensure that the activities as are included in Corporate Social Responsibility Policy of the company are undertaken by the company.

(5) The Board of every company referred to in sub-section (1), shall ensure that the company spends, in every financial year, at least two per cent. of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy:

Provided that the company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities:

Provided further that if the company fails to spend such amount, the Board shall, in its
report made under clause (o) of sub-section (3) of section 134, specify the reasons for not spending the amount.

Explanation.—For the purposes of this section “average net profit” shall be calculated
in accordance with the provisions of section 198.

Activities which may be included by companies in their Corporate Social Responsibility Policies Activities relating to:—

  • Eradicating extreme hunger and poverty;
  • promotion of education;
  • Promoting gender equality and empowering women;
  • Reducing child mortlity and improving maternal health;
  • Combating human immunodeficiency virus, acquired immune deficiency syndrome, malaria and other diseases;
  • Ensuring environmental sustainability;
  • Employment enhancing vocational skills;
  • Social business projects;
  • Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central
  • Government or the State Governments for socio-economic development and relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women; and
  • Such other matters as may be prescribed.