Corporate Social Responsibility (CSR)Policy
Corporate Social Responsibility (CSR) is the Company’s commitment to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical.
RT Vision Technologies Pvt Ltd in India is committed to undertake CSR activities in accordance with the provisions of Section 135 of the Indian Companies Act, 2013 and related Rules.
RT Vision commits itself to contribute to the society in ways possible for the organization and has set up its committed core CSR team, as a means for fulfilling this commitment.
2. Aims & Objectives: To develop a long-term vision and strategy for RT Vision Technologies CSR objectives. Establish relevance of potential CSR activities to RT Vision core business and create an overview of activities to be undertaken, in line with Schedule VII of the Companies Act, 2013.
3. RT Vision will serve its communities by:
4. CSR Committee: CSR Committee shall be formed as per the applicable laws and the committee shall be responsible for the implementation/monitoring and review of this policy and various projects/activities undertaken under the policy. The CSR Committee shall submit periodical reports to the board of directors.
5. CSR Fund: The committee shall endeavour to spend 2% of the average net profit during the preceding 3 financial years on CSR activities as enumerated above.
6. CSR Reporting: The Board in its Annual Report shall include the details of the CSR activities undertaken in the Financial Year.
The CSR Committee shall provide an annual report on the implementation and monitoring of the CSR Policy and that it is in compliance with CSR objectives of RT Vision Technologies Pvt Ltd, which statement shall form part of the Boards’ Report.
RT Vision Technologies Pvt Ltd shall display on its website the contents of its CSR Policy and other information as may be required to be displayed.
7. Amendments: The Policy may be reviewed and amended from time to time.
8. Disclosure: All disclosures, display and reporting requirement related to CSR shall be made in accordance with the provisions of the Act and Rules made thereunder.