CORPORATE SOCIAL RESPONSBILITY

JSP Projects Private Limited (hereinafter referred as JSP), as a socially committed and responsible corporate citizen, pledges that it would work towards upliftment of the rural, poor, marginalized, disadvantaged and deprived communities of India. The CSR initiatives of JSP would be aimed at the basic life necessities of the individual and collective life amenities of the community as well.

JSP shall engage in CSR activities only within the framework of the provisions of the Companies Act, 2013, its related Rules, Schedule VII and the subordinate legislations issued by the MCA in this respect from time to time.

CSR BUDGET AND EXPENDITURE                                                                                                                            

 As prescribed in Section 135(5) of the Companies Act, 2013, Company shall make every effort to spend in every Financial Year at least 2% of average net profit (calculated as per provision of section 198 of the Companies Act, 2013) made during three immediately preceding Financial Years on CSR activities. Annual CSR budget would be approved by the Board on the recommendation of the Board CSR Committee, subject to the provisions of the Act and Rules made thereunder and amended from time to time.

CSR COMMITTEE COMPOSITION:

Pursuant to the provisions of Section 135 of the Companies Act, 2013 Rule 5 of The Companies (Corporate Social Responsibility Policy) Rules, 2014, Corporate Social Responsibility (CSR) Committee of the Company are as follows:

Sr. No.   Name                                          Designation

1. Mr. Jambu Prasad Jain                                       Chairman & Member
2. Mr. Sanjay Jain                                                     Member
3. Mr. Manoj Agarwal                                               Member

CSR PROJECTS

To provide a focused and structured approach, the Company will focus its CSR spending only on specific areas as enumerated in the Schedule VII of the Companies Act, 2013. The Management Level CSR Committee would put up to the Board Level Committee appropriate details of proposed projects including implementation period, modalities of execution in the areas/sectors chosen, implementation schedules for the same etc. The Board, Board CSR Committee and the Management CSR Committee, within its competence, will consider and approve CSR projects/programs to be undertaken during the year.

In compliance with Rule 4 of the CSR Rules, while approving the projects, the Board, Board Level Committee or the Management CSR Committee, as the case may be, shall adhere to the following provisions:

1. CSR project is non-discriminatory in nature and There is no contribution of any amount directly or indirectly to any political party within the meaning of section 182 of the Companies Act, 2013.
2. The projects will be within the areas recommended / listed by the CSR Committee and mentioned in the Policy.
3. The projects shall not be an activity coming within the business as usual.
4. The projects will be implemented within India.
5. Contribution to Corpus of an Implementing Agency shall qualify as CSR expenditure as long as:
6. the Implementing Agency is created exclusively for undertaking a CSR activities permitted under this Policy,

OR

1. Where the corpus is created exclusively for a purpose directly relatable to a subject covered in Schedule VII of the Act and covered under this Policy.

REPORTING

In terms of Section 135 of the Companies Act, 2013 read with Rule 8 of the CSR Rules, CSR activities and progress shall be reported as part of the Director’s Report in the Company’s Annual Report and also as per any other statutory and regulatory reporting requirements.

The internal reporting of the CSR activities and progress shall be reported from time to time to Board Level CSR Committee and also to the Board of Directors. Above reports shall be in such form and manner as may be convenient and appropriate to suit the purpose of effective communication.