We will strive to implement the aforesaid CSR activities on our own to the extent possible. However, the principle implementer of our CSR activities would continue to be our foundation Ricela Health Foundation. At the same time, we recognize need to work in partnership with other players also.
This would include:
1.) Collaborating with various organisation, which are registered as a Trust or a section 8 company under the Companies Act, 2013 or Society or NGOs or any other form of entity incorporated in India that specialise in the aforesaid activities.
2.) Contribution to various funds which are aligned with our Vision and Mission e.g.
Prime Minister's National Relief Fund
Any other fund set up by the Central Government for : socio-economic development and relief.
for the welfare of Scheduled Castes, the Scheduled Tribes, other Backward classes, minorities and women.
3.Collaborating or pooling resources with other companies to undertake aforesaid CSR activities.
The corpus for the purpose of carrying on the aforesaid activities would include the followings:
2% of the average Net Profit made by the Company during immediately preceding three Financial Years.
any income arising there from.
surplus arising out of CSR activities carried out by the company and such surplus will not be part of business profit of the company.