At Mayfair Housing Private Limited, we are committed to good, green and affordable housing
for our customer. Mayfair believes in integrating its business values and operations to meet
the expectations of its stakeholders. Our Corporate Social Responsibility (CSR) initiatives
actively work towards ensuring environmental sustainability and promotion of physical,
moral and spiritual wellbeing of people in our society. Over and above normal course of
business, policy focuses on addressing critical social, environmental needs of the society.
This CSR Policy shall operate as the Corporate Social Responsibility Policy of the Company
for the purposes of Section 135 of the Companies Act, 2013 and the rules made thereunder.
Our Vision:
Be a Universally accepted real estate leader.
Create emotional and financial wealth for our stakeholders
Inspire the confidence and trust of all those we serve.
Our Mission:
Leverage and further develop our core competencies in providing solution to all types of Real Estate needs, like TDR, Residential Development.
Be consistent in delivering at the highest levels in alacrity, quality, service, and technical competence.
Invest consciously and continuously in growth of financial, technical and managerial assets and contribute significantly to capital creation and career development of our employees.
Act symbiotically with a strong sense of urgency to strengthen statutory authorities, trade bodies, associations and other peer organizations to serve customers better and fulfill national real estate needs.
Design innovative products and services with foresight and user focus for an astutely segmented customer base.
Our Values:
Ethical, equitable and transparent in all our dealings.
Respectful of the rights and abilities of every individual.
Demanding in performance and positive in approach.
Applicability Of the Policy:
The Company’s CSR Policy has been developed in conformity with the provisions of Section 135 of
the Companies Act, 2013 (referred to as the Act in this Policy) and in accordance with the CSR
Rules (hereby referred to as the Rules) notified by the Ministry of Corporate Affairs, Government of
India.
CSR Activities:
The CSR activities we purse will be in line with our stated Vision and Mission, focused not
just around our sites and offices, but also in other geographies based on the needs of the
communities.
In addition, Company shall invest in the following areas for Community Development
as per CSR Rules:
eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water.
promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently able and livelihood enhancement projects.
promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
reducing child mortality and improving maternal health.
combating human immune-deficiency virus, acquired immune-deficiency syndrome, malaria and other diseases.
ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and water and in this respect adopt, develop and maintain gardens, playgrounds, parks and social recreation facilities.
employment enhancing vocational skills.
protection of national heritage, alt and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts.
measures for the benefit of armed forces veterans, war widows and their dependents.
training to promote rural sports, nationally recognised sports, Paralympics sports and Olympic sports.
contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of Corporate Social Responsibility (CSR) Policy Page 5 the Scheduled Caste, the Scheduled Tribes, other backward classes, minorities and women.
contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government or State Government.
rural development projects.
slum rehabilitation program.
disaster management, including relief, rehabilitation and reconstruction activities.
Such other matters as may be prescribed.
Qualifications and Exclusions
Activities undertaken in pursuance of normal course of business of the Company
Contributions of any amount directly or indirectly to any political party
Activities, projects or programs that benefit only the employees of the Company and their families
One-off events such as marathons/ awards/ charitable contributions/ advertisements/ sponsorships of TV/ media/ other programs, etc
Expenses incurred for fulfilling the requirements of any statute
Responsibilities of Board
Approve the CSR Policy and the CSR Expenditure.
Ensure the CSR spending every financial year of at least 2% of average net profits made during immediately preceding 3 financial years, in pursuance with the Policy.
Ensure disclosure of the contents of the CSR Policy on the company website. Preparation of annual report on the CSR in the prescribed format as per the Companies Act, 2013.
Budget for CSR Activity& CSR Expenses
In every financial year, Mayfair Housing Pvt Ltd shall spend 2% of its average Net Profits in the immediately preceding three (3) financial years.
CSR Expenditure shall mean all expenditure incurred in respect of specific projects/programs relating to the approved CSR activities.
Treatment of Surplus
The CSR activities we purse will be in line with our stated Vision and Mission, focused not
just around our sites and offices, but also in other geographies based on the needs of the
communities.
The corpus of the CSR policy includes:
2% of the average net profit of the preceding three years.
Any income arising therefrom.
Activities undertaken in the normal course of business will not be a part of CSR activities.
CSR Committee:
In terms of the provision of section 135 sub section (9) of the Companies Act,2013 and any
other applicable provisions of companies act 2013 and rule thereunder, the requirement for
constitution of corporate Social Responsibility committee shall not be applicable to the
company, in such cases the function of CSR committee will be discharged by the board of
directors of Mayfair housing Pvt Ltd.
At Mayfair, our CSR governance will be headed by the Board of Directors of Mayfair Housing
Private Limited and that will be ultimately responsible for the CSR Projects undertaken.
Mayfair is committed to ensuring the social wellbeing of the communities in the vicinity of its
projects and business operations through Corporate Social Responsibility initiatives.
The Board must institute a transparent monitoring mechanism for implementation of the
CSR Project, programs or activities undertaken by the Company
Responsibilities of Board:
Approve the CSR Policy and the CSR Expenditure.
Ensure the CSR spending every financial year of at least 2% of average net profits made during immediately preceding 3 financial years, in pursuance with the Policy.
Ensure disclosure of the contents of the CSR Policy on the company website. Preparation of annual report on the CSR in the prescribed format as per the Companies Act, 2013.
CSR Reporting:
As per the provisions of the Act, the Policy shall be disclosed on the website of the Company
and the web link of the policy to be given in the Board’s Report.
Disclosure:
All provisions of the CSR Policy would be subject to revision/amendment in accordance with the applicable laws.
The Company reserves the right to modify, cancel, add, or amend this CSR Policy.
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