Preamble
We, Veena Patil Hospitality Private Limited, a private limited company incorporated under the Companies Act, 1956 and having its registered office at Neelkanth Corporate Park, Kirol Road, Vidyavihar (West), Mumbai 400086, are committed to develop, maintain and nurture environmental and social sustainability to make our planet a better place for future generations. We acknowledge that we are a part of this greater society by virtue of which we owe economic, societal and ecological responsibilities to the community at large.
We discontinued the Corporate Social Responsibility (CSR) Committee in accordance with the Companies (Amendment) Act 2020, notified on 28th September 2020 which provides that a Company needs to set up CSR committee only if the CSR contribution in the previous year is exceeding Rs.50 lacs. This amendment has come into force with effect from 22nd January 2021.
Since CSR obligation of the Company is less than of Rs.50 lacs and the same is not likely to exceed Rs.50 lacs in the near future your Board in its meeting held on May 04, 2022 had dissolved the Committee.
The summarized position is:
| Title | Particulars |
|---|---|
| Reviewing Authority | Board of Directors |
| Approving Authority | Board of Directors |
| Document Status | Approved by the Board on 11th January, 2021 and amended by Board on May 04, 2022 |
| Version | 2.0 |
| Review Cycle | Annually by Board |
Management Philosophy
Corporate Social Responsibility is the Company’s sense of responsibility towards the community and environment in which it is operated. It is the continuing commitment of the Company to behave ethically and contribute to the economic development of the society at large and building capacity for sustainable development. We hereby undertake to continue crafting unique models to generate livelihoods and environmental capital and social wealth creation.
responsibility towards the community
Company Ethics
sustainable development
crafting unique models
Purpose of the Policy
The main objectives of this CSR Policy are:
To lay down guidelines to make CSR a key business process for economic and ecological sustainable development and to aim in enhancing welfare measures of the society.
To pursue CSR Programmes primarily in areas those fall within the economic vicinity of the Company's operations to enable close supervision and ensure maximum development impact.
