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picture1_Companies Act 2013 Pdf 161532 | Csr Annual Action Plan Fy21 22


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File: Companies Act 2013 Pdf 161532 | Csr Annual Action Plan Fy21 22
annual action plan for fy 2021 22 csr budget approval fy 2021 22 background as per the provisions of the section 135 of the companies act 2013 and corporate social ...

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                             Annual Action Plan for FY 2021-22 
                             CSR Budget approval FY 2021-22 
                             Background: 
                             As per the provisions of the Section 135 of the Companies Act, 2013 and Corporate Social Responsibility (CSR) Rules, 2014, during 
                             the Financial Year 2021-22, Samsung India Electronics Private Limited (SIEL) is required to spend 2% of its average net profits 
                             during the immediately preceding 3 financial years on CSR activities. The net profit as per Section 198 of the companies Act 2013 is 
                             as below 
                             Table 1: Computation of CSR Obligation for FY 2021-22 as received from Finance: 
                                                                                                                                                                                                  Unit: INR Cr. 
                                                          Particulars                                              FY 20/21                   FY 19/20                    FY 18/19                    Budget 
                                                                                                                Un Audited                     Audited                    Audited                    Ref. File 
                               Net Profit for Computing CSR Spend                                                    5533.7                     4,278.7                    2,777.9                   Attch 1 – 
                               Average net profit                                                                                               4,196.8                                                Budget 
                                                                                                                                                                                                     Main File 
                                                                                                                                                                                                  (Worksheet 
                                                                                                                                                                                                     – Budget 
                               2% of Average net profit -INR Cr                                                                                  83.94                                              Available) 
                                
                             Proposed Budget FY 2021-22 
                             The CSR team has proposed to spend INR 83.94 Cr (11.2 $M @ USD 1 = INR 75 ) through its various initiatives which is as per the 
                             2% minimum CSR obligation budget computed.  
                                             
                             Table 2: Project wise CSR Budget for FY 2021-22 
                              Sr.        Project Name  FY 21-22                                            Brief                                                                                                Budget                                  Project                    Area of 
                              No.                                                                          1. Manner of execution                                                                               reference file                          Category                   implementation 
                                                                                                           2. Modalities of utilisation  
                                                                                                           3. Monitoring and reporting mechanism  
                                                                           INR             $ M             4. impact assessment requirement 
                                                                           Cr 
                              1          Samsung                                                           Promote research in key innovation areas at                                                          Attch 1                                 On-going                   PAN India 
                                         Innovation                        8.12            1.08            India’s premier technology institutes 
                                         Campus                                                            Direct implementation through partnership with 
                                                                                                           IITs & DTU 
                                                                                                           Budget component includes lab set up, 
                                                                                                           Fellowship & maintenance 
                                                                                                           Resources to deploy for monitoring 
                                                                                                           External impact assessment planned in FY 21-
                                                                                                           22  
                              2          Solve for                                                         The program aims to encourage/nurture                                                                Attch 2 (MOU)                           Launch                     PAN India 
                                         Tomorrow                          2.48            0.33            students to ideate and find solutions to address                                                                                             year 
                                                                                                           social issues in the thematic areas of Education, 
                                                                                                           Agriculture, Healthcare and Environment. 
                                                                                                            
                                                                                                           Implementation through partnership with FITT 
                                                                                                           (IIT Delhi) 
                                                                                                           Budget component includes Outreach, training 
                                                                                                           and awards 
                                                                                                           Resources to deploy for monitoring 
                                                                                                           Launch planned in FY 21-22, impact 
                                                                                                           assessment to plan in next FY  
                           3          Smart Class                                                Providing underprivileged children a chance at                                               Attch 3                             On-going                 PAN India 
                                                                     23.18   3.09                bridging the digital gap in education. Support. 
                                                                                                 Government Schools to provide digital education 
                                                                                                 to underprivileged  students across India. 
                                                                                                  
                                                                                                 Direct Implementation through vendors in Govt 
                                                                                                 Schools 
                                                                                                 Budget components includes Samsung & third-
                                                                                                 party products 
                                                                                                 Resources to deploy for monitoring 
                                                                                                 Rapid assessment done in FY 20-21 , not 
                                                                                                 planned in FY 21-22 
                           4          Star                                                       Aimed at providing the much needed financial                                                 Attch 4                             On-going                 PAN India 
                                      Scholarship                    10.70   1.43                resources to students, securing admission in a 
                                      Program                                                    undergraduate engineering course at any Indian 
                                                                                                 Institute of Technology (IIT) or 
                                                                                                 National Institute of Technology (NITs) across 
                                                                                                 the country 
                                                                                                  
                                                                                                 Direct Implementation and fund disbursement to 
                                                                                                 eligible students 
                                                                                                 Budget component includes direct scholarship 
                                                                                                 and verification agency cost 
                                                                                                 Regular monitoring with checks on eligibility 
                                                                                                 Impact assessment planned in FY 21-22  
                           5          FICCI SEDF                                                 To set up India’s first Center of Excellence for                                             Attch 5 & 5.1                       On-going                 UP 
                                                                     2.27          0.30          Career Counseling 
                                                                                                  
                                                                                                 Implementation through partnership with FICCI 
                                                                                                 SEDF 
                                                                                                 Budget includes operating expenses and office 
                                                                                                 maintenance 
                                                                                                 Regular monitoring on the project through FICCI 
                                                                                                 SEDF 
                                                                                                 Launch planned in FY 21-22, impact 
                                                                                                 assessment to plan in next FY  
                              6          Technical                                                          Contribute to the Skill India mission by                                                            Attch 6                                 On-going                   PAN India 
                                         School                            2.60            0.35            enhancing technical skills of the youth in repair 
                                                                                                           and installation of Consumer Electronics 
                                                                                                           products thereby improve their employability. 
                                                                                                            
                                                                                                           Direct Implementation in partnership with ITI and 
                                                                                                           MSME 
                                                                                                           Budget components includes trainers cost & 
                                                                                                           maintenance 
                                                                                                           Regular monitoring with dedicated resources 
                                                                                                           based on KPIs 
                                                                                                           Impact assessment planned in FY 21-22  
                              7          Sales                                                             To create skill manpower for retail industry                                                         Attch 7                                 Launch                     PAN India 
                                         Promoter-                         17.10   2.28                                                                                                                                                                 year 
                                         DOST                                                              Implementation through partnership with NSDC 
                                                                                                           Budget includes Training, stipend & 
                                                                                                           management fees 
                                                                                                           Regular monitoring on the project through 
                                                                                                           dedicated resources 
                                                                                                           Launch planned in FY 21-22, impact 
                                                                                                           assessment to plan in next FY  
                              8          Apprenticeship                                                    To support youth to sharpen their skills through                                                     Attch 8                                 On-going                   UP & TN 
                                                                           6.61            0.88            practical training 
                                                                                                            
                                                                                                           Direct Implementation at manufacturing units 
                                                                                                           Budget includes stipend cost at Noida & 
                                                                                                           Chennai Plants 
                                                                                                           Regular monitoring with dedicated resources 
                                                                                                           engaged at Plants 
                                                                                                           Impact assessment to be planned in next FY  
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...Annual action plan for fy csr budget approval background as per the provisions of section companies act and corporate social responsibility rules during financial year samsung india electronics private limited siel is required to spend its average net profits immediately preceding years on activities profit below table computation obligation received from finance unit inr cr particulars un audited ref file computing attch main worksheet available proposed team has m usd through various initiatives which minimum computed project wise sr name brief area no manner execution reference category implementation modalities utilisation monitoring reporting mechanism impact assessment requirement promote research in key innovation areas at going pan s premier technology institutes campus direct partnership with iits dtu component includes lab set up fellowship maintenance resources deploy external planned solve program aims encourage nurture mou launch tomorrow students ideate find solutions add...

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