Amal Ltd 2017-18

31 3.4 Corporate Social Responsibility Committee 3.4.1 Role i) Formulating and recommending the Corporate Social Responsibility (CSR) Policy to the Board ii) Indicating reasons to the Board in case the amount of expenditure is less than 2% of the average net profits in a given year iii) Monitoring the CSR Policy from time to time iv) Recommending the amount of expenditure to be incurred on the CSR activities which may not be less than 2% of the average net profits of the last 3 years 3.4.2 Composition The Committee comprises of following Members: No. Name Designation 01. A R Jadeja Chairman 02. T R Gopi Kannan Member 03. R Kumar Member 3.4.3 Meetings and attendance During 2017-18, 1 meeting was held. No. Name Total Attended 01. A R Jadeja 1 1 02. T R Gopi Kannan 1 1 03. R Kumar 1 1 The Board notes the Minutes of the CSR Committee meeting. 4. Subsidiary companies registered in India The Company does not have any subsidiary company in India. 5. Company policies 5.1 Compliance Compliance certificates confirming due compliance with statutory requirements are placed at the Board meeting for review by the Directors. A system of ensuring material compliance with the laws, orders, regulations and other legal requirements concerning the business and affairs of the Company is in place. Instances of non-compliance, if any, are also separately reported to the Board and subsequently rectified. 5.2 Code of Conduct The Code of Conduct is available on the website of the Company: http://www.amal.co.in/pdf/Code_of_Conduct.pdf All the Directors and the Senior Management Personnel have affirmed their compliance with the Code of Conduct. A declaration to this effect signed by the Managing Director forms a part of this report. 5.3 Prevention of Sexual Harassment of Women at Workplace Pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013, the Company has framed a policy on Prevention of Sexual Harassment of Women at Workplace. During 2017-18, no complaint was received by the Committee set up pursuant to the aforesaid Policy. 5.4 Related Party Transactions The Company has formulated a Related Party Transactions Policy and the same is disclosed on the website of the Company at http://www.amal.co.in/pdf/related_party_policy.pdf